President Donald Trump begins his presidential term. He touts plans to make America “the world’s crypto capital,” but his predecessor Joe Biden’s stance on crypto was more ambivalent.

The first full day of the new Trump administration brought a wave of new hires by U.S. law firms adding outgoing Biden officials to their ranks.

President Donald Trump has ordered federal agencies to “immediately pause” the spending of money from the Inflation Reduction Act, former President Joe Biden’s signature climate law that provided hundreds of billions of dollars in subsidies to clean energy and other climate initiatives.

Tuesday's move by Republican Commissioner Mark Uyeda, whom Trump named acting SEC chair on Monday, and fellow Republican Commissioner Hester Peirce, marks the first policy win for the crypto industry under the new administration.

The U.S. Securities and Exchange Commission (SEC) is creating a cryptocurrency task force to develop a regulatory framework for digital assets. The task force is being launched under the guidance of acting SEC Chair Mark Uyeda,

The US Securities and Exchange Commission will launch a cryptocurrency-focused task force to come up with ways to regulate the market, in one of the first moves by the agency after the resignation of crypto skeptic Gary Gensler.