Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.
In the United States, as President Donald Trump stonewalls any efforts at transitioning to a new administration, all eyes are on Joe Biden’s potential team and any hints as to candidates for major appointed positions.
Further complicating the set up of a presidential roster is that most presidential appointments require Senate approval. The Senate, meanwhile, is waiting until January for a run-off election in Georgia to establish a majority. So, as with everything else, we in the states are in limbo.
It is a fair bet that any Biden appointee to Treasury Secretary will be less overtly antagonistic to crypto than Steven Mnuchin. But at the same time, at regulators like the Securities and Exchange Commission and the Commodity Futures Trading Commission, Republican Trump appointees have taken the lead in pushing for clarity on rules governing digital assets.