^{Source: CNBC}

Jim Cramer has voiced concerns over the Trump administration's approach to deregulation, highlighting perceived inaction that may be affecting financial markets and technological advancements.​

Financial Sector: Mergers and Regulatory Hurdles

Cramer pointed out that expectations for a deregulation wave under President Trump have not materialized, particularly in the financial sector. He cited the $35 billion merger between Capital One and Discover Financial Services as an example. Despite the Department of Justice not opposing the deal, it still awaits approvals from the Federal Reserve and the Office of the Comptroller of the Currency. The merger aims to create the largest credit-card issuer in the U.S. by loan volume. ​

Additionally, Cramer questioned the continued asset cap on Wells Fargo, a restriction imposed after past scandals, suggesting that lifting such caps could stimulate financial activities.​

Technology Sector: AI Chip Export Restrictions

In the technology realm, Cramer criticized the administration's stance on AI chip exports. He referred to the restrictions on Nvidia's H20 chips, designed to comply with existing regulations, yet still facing export limitations to China. These restrictions have led Nvidia to anticipate up to $5.5 billion in charges due to unsold inventory and purchase commitments.

Cramer labeled these measures as "absurd," arguing that they hinder U.S. competitiveness in the global semiconductor market. He emphasized the need for policies that balance national security with economic growth. ​

Market Performance: Bank Earnings Amidst Regulatory Challenges

Despite regulatory uncertainties, major banks have reported solid earnings. Institutions like JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo have demonstrated resilience, even with a slowdown in IPOs and mergers. This performance suggests that while deregulation could further benefit these banks, they continue to navigate the current landscape effectively.​

Call for Proactive Deregulation

Cramer concluded by urging the Trump administration to adopt more proactive deregulation measures. He emphasized that such actions could invigorate both the financial and technology sectors, fostering a more robust economic environment.

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