PANews reported on November 12 that according to Jinshi, citing the Washington Post, US President-elect Trump is preparing for the US government to take a more relaxed stance on cryptocurrencies. He is looking for candidates for key positions that are friendly to the crypto industry, while his senior advisers are consulting crypto executives on potential changes in federal policies. Initial discussions focused on a range of financial regulators, including the U.S. Securities and Exchange Commission. According to five people familiar with the matter, Trump advisers considered having current regulatory officials, former federal officials and financial industry executives take important leadership positions, many of whom have publicly expressed support for cryptocurrencies. They warned that the discussion process is still in its early stages and the list of candidates is still changing.