BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Crypto Advocates Eye Policy Shift as Thune Becomes Senate Majority Leader

by Matoy
November 14, 2024
in BREAKING NEWS, CRYPTO, POLITICS
Reading Time: 2 mins read
A A
2
SHARES
27
VIEWS
Share on XShare in TelegramShare on Reddit
  • New Senate Majority Leader John Thune is expected to support pro-crypto legislation.
  • Thune has backed CFTC’s jurisdiction over crypto, moving away from the SEC’s approach.
  • Industry experts anticipate Thune’s leadership may bring regulatory clarity for crypto in the US.

The crypto industry anticipates greater regulatory clarity following Senator John Thune’s election as the new Senate Majority Leader on Nov. 13. Thune, a Republican from South Dakota, defeated Senator Rick Scott of Florida in the race, pledging to “overturn costly Biden-Harris regulations” in his acceptance speech. His support for cryptocurrency regulation reform aligns with the priorities of President-elect Donald Trump, raising hopes for crypto-friendly policies.

Source: John Thune

Thune’s Track Record on Crypto Policy

Thune has previously shown support for policies that would clarify digital asset regulations. In 2022, he co-sponsored the Digital Commodities Consumer Protection Act (DCCPA), which proposed expanding the Commodity Futures Trading Commission’s (CFTC) oversight of crypto, particularly for major assets like Bitcoin and Ether. This bill was seen by many in the industry as a step toward providing a more consistent regulatory approach in the United States.

Thune has also been a critic of certain Securities and Exchange Commission (SEC) policies, such as Staff Accounting Bulletin No. 121, which requires crypto custodians to list customer assets as liabilities. This stance has been applauded by Coinbase’s lobbying group, Stand With Crypto, which describes Thune as “strongly supportive” of the crypto sector.

Crypto Advocates React to Thune’s Leadership

With Trump’s election and Thune’s new leadership role, several industry experts anticipate a regulatory shift favorable to digital assets. Fox Business journalist Eleanor Terrett described Thune’s views as “very pro-crypto,” and the crypto community expects his leadership could facilitate a clear regulatory framework, enhancing stability and growth for the industry.

Thune, while supporting many of Trump’s proposed initiatives, was not directly endorsed by the president-elect. Trump allies, including Elon Musk and Tucker Carlson, had endorsed Scott. However, Thune’s independent approach to crypto policy has garnered bipartisan interest, hinting at a potentially transformative period for U.S. crypto regulation.

Tags: crypto
Tweet1ShareShare
Previous Post

Ripple XRP Could See Major Gains With New SEC Chair Amid ETF Speculation, Analysts Say

Next Post

$478M in Assets: A Look at Cardano’s Finances

DON'T MISS THESE! HOT OFF THE PRESS

Cardano (ADA) Pumps 19%—Is It Ready to Break $1 or Just Bluffing Again?
CARDANO

Cardano (ADA) Pumps 19%—Is It Ready to Break $1 or Just Bluffing Again?

July 18, 2025
Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?
CRYPTO

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?
CRYPTO

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
Load More

Related News

Cardano (ADA) Pumps 19%—Is It Ready to Break $1 or Just Bluffing Again?

Cardano (ADA) Pumps 19%—Is It Ready to Break $1 or Just Bluffing Again?

July 18, 2025
Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.