Alex Drylewski, co-head of Skadden’s Web3 and Digital Assets Group, discusses the significant shift in U.S. crypto policy under the Trump administration with host Joseph Kamyar. Alex highlights recent regulatory developments, including the executive order on “Strengthening American Leadership and Digital Financial Technology” and the SEC’s formation of a new crypto task force. He shares insight into how these changes signal a pro-innovation environment for crypto builders while still emphasizing fraud prevention. Alex predicts that See more +
Alex Drylewski, co-head of Skadden’s Web3 and Digital Assets Group, discusses the significant shift in U.S. crypto policy under the Trump administration with host Joseph Kamyar. Alex highlights recent regulatory developments, including the executive order on “Strengthening American Leadership and Digital Financial Technology” and the SEC’s formation of a new crypto task force. He shares insight into how these changes signal a pro-innovation environment for crypto builders while still emphasizing fraud prevention. Alex predicts that 2025 will bring increased institutional engagement by non-crypto native players, comprehensive legislation and continued private litigation as the industry seeks the regulatory clarity it has long desired.
Key Points
Policy Shift: The Trump administration’s executive order marks a philosophical change from the previous executive order and emphasizes protection and promotion of innovation, regulatory clarity and technology access rather than focusing on perceived risks.
SEC Reforms: The SEC has established a crypto task force dedicated to developing a comprehensive regulatory framework, with a focus on drawing clear regulatory lines and
Institutional Momentum: Traditional financial institutions are expected to increase engagement with crypto assets following the rescinding of SAB 121, which will allow financial institutions to now hold crypto assets on behalf of their customers without incurring the balance sheet and capital impacts. See less -
