'We've got 60 days': Mark Carnegie's warning to Australia's crypto regulators
With Trump 2.0 on the horizon, the fund manager and VC says the cryptocurrency industry is at risk of leaving Australia behind.
Mark Carnegie is warning Donald Trump’s return to the White House in January leaves Australian policymakers just 60 days to sort out a cryptocurrency agenda. If they don't, Australia faces missing out on substantial economic gains.
“We've essentially got 60 days to rescue our regulation,” Carnegie said in an exclusive interview with Capital Brief. The fund manager and VC outlined the importance of crypto for Australia’s future prosperity and revealed he has been personally "debanked" — which he suspects is due to his involvement with cryptocurrency.
Trump campaigned on a promise to establish laws for the cryptocurrency industry, which has long argued that it can’t thrive without regulatory clarity. Trump’s election means the sector can truly get running when the new administration steps in on 20 January, Carnegie said, adding that the world will leave Australia behind if it doesn’t speed up.
“Australia, [which has] had both sides of politics defer decisions on crypto regulation, has this unique opportunity to engage with the incoming Trump administration and bring its regulatory framework for crypto into alignment with the Americans,” Carnegie said.
