The cryptocurrency industry is hoping the upcoming US presidential election will put someone in the White House who has a softer approach on enforcement, thereby ending prolonged battles with Wall Street’s top cop.
Former President Donald Trump has lately cozied up to the $2.5 trillion crypto industry, even inviting supporters to a Bitcoin-focused fundraiser on July 27. Although the Republican nominee criticized cryptocurrencies while in office, his recent comments have been more favorable — and lawyers expect that, if he wins, the US Securities and Exchange Commission will stop pursuing the digital-asset space so aggressively.
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