👉👉👉 Could Trump’s win nix #SEC crypto suits? Critics say he’s ‘pandering’ for votes
A crypto lawyer believes a #donaldtrump election win could lead to the dismissal of several SEC crypto lawsuits, although there are doubts due to his history of unfulfilled campaign promises.
James Murphy, known as "MetaLawMan," advised against settling any crypto cases with the current SEC until after the election, anticipating a significantly different SEC if Trump wins, given his recent crypto-friendly stance. Over the past month, Trump has portrayed himself as the crypto industry’s ally, expressing his support for crypto, emphasizing the need for the U.S. to lead in the field, and promising to commute Silk Road founder Ross Ulbricht’s life sentence if elected.
However, some remain skeptical. Adam Cochran of Cinneamhain Ventures noted Trump’s long history of reneging on promises, suggesting he, like Biden, is merely pandering for votes. Alexander Blume from Two Prime hedge fund echoed this sentiment, highlighting Trump's tendency to make and break promises for personal gain. According to PolitiFact, Trump broke more than half of the 102 promises he made during his 2016 presidential campaign, compromised on 23, and kept 24.
Trump has previously made anti-crypto statements, declaring he was "not a fan of #bitcoin and other #cryptocurrencies " and calling them "based on thin air." In 2021, he labeled crypto as potentially "fake" and "a disaster waiting to happen." Despite these remarks, crypto lawyer Gabriel Shapiro argued that Trump's past comments are minor compared to what he describes as the Biden administration's intense scrutiny of the crypto sector.
Mike Dudas, founder of The Block and now a venture capitalist, acknowledged that despite his strong dislike for Trump, Trump's promises could help him support his family and business.
Currently, Trump holds a slight one-point lead over President Joe Biden in Morning Consult’s 2024 presidential election polling. The U.S. presidential election is scheduled for November 5.
Source - cointelegraph.com
