How Donald Trump’s Return Will Change The Crypto Regulation Game For Coinbase, Binance, Kraken
The Securities and Exchange Commission’s aggressive stance on the cryptocurrency industry may soon be replaced with a more accommodating regulatory approach.
What Happened: With SEC Chair Gary Gensler set to leave office in January and President-elect Donald Trump preparing to appoint a new SEC chair, the stage is set for a major shift in how the crypto market is governed, according to The Wall Street Journal.
Gensler’s tenure was marked by high-profile lawsuits against major crypto exchanges, including Coinbase (NASDAQ:COIN), Binance (CRYPTO: BNB) and Kraken, for allegedly operating unlicensed securities platforms.
However, the incoming administration’s pro-crypto stance suggests that this adversarial approach may be dismantled.
Trump’s return to the White House signals a potential transformation in U.S. crypto regulation.
Once a critic of digital assets, he has embraced the industry in his second …
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