Former President has big plans for the vast federal regulatory infrastructure, like blowing it up . That’s the word from Rep. Byron Donalds, the Republican congressman from Florida and a prominent member of the House Financial Services Committee who spoke at crypto venture capital firm BlockTower’s investor day on Wednesday.
Donalds revealed that he shared a plane ride Tuesday night from Atlanta to Florida with the former president who is vying to be the next president. This industry is going to change so fast over the next five years, and what we already know is that the regulatory agencies of Washington are not nimble enough..
. they do not have the experience and the knowledge of what is happening in this industry right now on a week-to-week basis, month to month basis, year to year basis," he said. "You need the players in the industry to kind of make sure that the rules are clear.
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Trump Plans To 'Clean House' And Dismantle Federal Regulations, Says Rep. Donalds
Rep. Byron Donalds, a Florida Republican, revealed that former President Trump plans to dismantle what he calls the 'regulatory headlock' facing businesses like the crypto industry if elected. Donalds shared a plane ride with Trump and said they discussed a systematic process for replacing regulators with qualified individuals.