Financial regulators are heading for the exits ahead of a crypto-tainted Trump presidency

Hasta la vista… Some top cryptocurrency regulators are offering farewell bids ahead of the inauguration of pro-crypto President-elect Trump this month. On Monday, Fed Vice Chairman Michael Barr said he was calm, and yesterday That’s enough for you President Rustin Behnam announced plans to Resignation. Behnam has sought to secure the role of the Commodity Futures Trading Commission (CFTC) as… Bitcoin The highest regulatory body granted oversight to cryptocurrency exchanges, while Barr called for the creation of guardrails. Industry advocates Named Barr exits “big win.”

• Direction finder: Behnam and Barr take a page from SEC Chairman (and for many, cryptocurrency industry buzz) Gary Gensler, who said he would Step down This month.

• follow the leader: SEC Commissioner Jaime Lizarraga, who has said that many cryptocurrencies are likely to be securities, will also resign.

• party price: Bitcoin rose again to surpass $100,000 on Monday, before giving way yesterday.

Big plans… While the old guard is waving goodbye, a new class of cryptocurrency regulators is including up-and-comers Crypto friendly SEC Chairman Paul Atkins supports this. Meanwhile, advocacy groups such as Coinbase-And KrakenBacked alongside the Blockchain Association, Stand with Crypto has political wish lists ready to go. Near the top: stablecoin legislation, access to banking, an executive order to create a Bitcoin stock, regulatory clarity, and the creation of a cryptocurrency council. FYI: The industry spent $133 million on the US elections last year.

Victory comes with risks… Crypto celebrated Trump’s re-election as a leap towards the mainstreaming of digital assets. But that doesn’t mean that everything in Crypto Land has suddenly become peachy. With some of crypto’s top cops handing in their badges, analysts and regulators say the industry has been rocked by (ahem, FTX) could be at risk of going off the rails again.