Trump Administration's regulatory approach is taking shape. Recent inquiries from media outlets have focused on how personnel decisions at key agencies—particularly the CFTC and SEC—could reshape crypto market structure negotiations. The President's stance on bipartisan appointments to these institutions matters significantly for the industry. Different leadership at these regulatory bodies typically translates into varying approaches to policy implementation, which directly impacts market participants and exchange operations. Market observers are closely monitoring these personnel moves, as they'll likely define the regulatory landscape for the coming years.