Bitcoin

US Election 2024: Crypto Industry Wants Trump to Win and Defund the SEC

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6 months ago

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The cryptocurrency sector is hoping that the upcoming US presidential election will put someone in the White House who has a softer approach to law enforcement, thus ending the protracted battles with Wall Street’s top cop.

Former President Donald Trump recently reached out to the $2.5 trillion cryptocurrency industry, even inviting supporters for a Bitcoin-focused fundraiser on July 27. Although the Republican candidate criticized cryptocurrencies while in office, his recent comments were more favorable — and lawyers hope that if he wins, the U.S. Securities and Exchange Commission will stop pursuing the digital asset space so aggressively.

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