Regulation
2024 US Election: Crypto Industry Wants Trump to Win, Overturn SEC
The cryptocurrency industry is hoping that the upcoming US presidential election will put someone in the White House who takes a softer approach to law enforcement, ending protracted battles with Wall Street’s top cop.
Former President Donald Trump recently cozyed up to the $2.5 trillion crypto industry, invite supporters at a Bitcoin-focused fundraiser on July 27. Although the Republican candidate critical cryptocurrencies while he was in power, his recent comments have been more favorable — and lawyers expect that if he wins, the U.S. Securities and Exchange Commission will stop pursuing the digital asset industry so aggressively.