Trump Doubles Down on Deregulation: Plans to Slash 10 Rules for Every New Policy

Trump Doubles Down on Deregulation: Plans to Slash 10 Rules for Every New Policy

U.S. President-elect Donald Trump has unveiled his ambitious strategy to reshape federal regulations, promising to eliminate 10 existing rules for every new one introduced. This unprecedented move aims to reduce government intervention, stimulate job growth, and promote innovation across key industries.

Speaking on Monday, Trump emphasized the urgency of tackling what he called “job-killing regulations.” He stated:

“Already preparations are underway to slash massive numbers of job-killing regulations, eliminating 10 old regulations for every new one. You put a new regulation on, you have to get rid of 10, and we’ll be able to do it.”

Trump further highlighted his first term’s achievements in deregulation, claiming:

“We cut more regulations than any president has ever cut—by far, actually by approximately five times. Some of those regulations were put back on, but we’ll catch up very quickly.”

Deregulation and the Crypto Sector

While Trump’s remarks didn’t specifically address cryptocurrency regulations, recent developments signal a pro-crypto shift in his broader deregulatory agenda. Trump has shown increasing support for fostering innovation in the digital currency sector, with proposals such as establishing a strategic bitcoin reserve and reducing barriers to crypto adoption.

Key actions supporting this vision include:

• Paul Atkins as SEC Chair: A known advocate for financial innovation, Atkins could reshape crypto regulations to encourage industry growth.
• Crypto-Friendly Treasury Leadership: Trump’s choice for Treasury Secretary aligns with his vision of advancing digital finance.

These measures coincide with bitcoin prices surpassing $100,000, a milestone reflecting market optimism about Trump’s crypto-friendly stance.

Elon Musk and Vivek Ramaswamy to Overhaul Federal Bureaucracy

As part of his sweeping reforms, Trump announced the creation of the Department of Government Efficiency (DOGE), tasked with reducing federal spending and modernizing bureaucratic operations. He appointed tech innovator Elon Musk and entrepreneur Vivek Ramaswamy to lead the initiative.

Their responsibilities include:

• Cutting outdated regulations
• Auditing agencies like the IRS
• Implementing cost-cutting strategies to streamline government processes

These appointments reflect Trump’s commitment to minimizing bureaucracy, fostering economic growth, and positioning the United States as a global leader in innovation and digital transformation.

The Road Ahead

Trump’s aggressive 10-for-1 regulation cut strategy marks a bold shift in U.S. policy, targeting economic expansion and reduced government overreach. Combined with crypto-friendly initiatives, his plan could reshape industries, strengthen digital finance, and spur innovation across sectors.

For businesses and investors, these regulatory changes could bring both opportunities and challenges in navigating a rapidly evolving economic environment.