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25 May 2020

Trump Signs Deregulation Order to Boost US Economic Recovery | Bitcoin News

Trump Signs Deregulation Order to Boost US Economic Recovery | Bitcoin News


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President Donald Trump has signed an executive order to eliminate “unnecessary regulations that impede economic recovery” following the coronavirus crisis.

President Donald Trump signed an executive order instructing federal agencies to eliminate “unnecessary regulations that impede economic recovery,” the media quoted him as saying.

Trump’s deregulation order directs federal agencies to “identify regulatory standards that may inhibit economic recovery” and take appropriate action, including “issuing proposed rules as necessary, to temporarily or permanently rescind, modify, waive, or exempt persons or entities from those requirements … for the purpose of promoting job creation and economic growth.”.

Some people in the cryptocurrency industry view this deregulation order by Trump as a positive move, hoping that less regulation would lead to fewer enforcement actions on crypto activities.

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