Crypto industry backs Trump’s 2024 run, seeking regulatory reforms to boost innovation amid SEC’s strict enforcement under Gensler.
Trump’s pivot to a pro-crypto agenda, including World Liberty Financial, contrasts with stricter measures under the Biden administration.
November 2024 elections will shape the US crypto sector, with contrasting policies from Trump and Harris impacting future regulations.
The crypto industry actively backs the 2024 US elections, hoping for a Donald Trump victory. This support stems from his campaign’s promise of a pro-crypto agenda. Meanwhile, regulatory scrutiny continues under the Securities and Exchange Commission (SEC), led by Gary Gensler. He asserts that the sector is full of scams, as crypto firms allegedly violate established financial laws. Political donations from crypto players have surged, aiming to shape laws in their favor.
Crypto Sector’s Political Ambitions
The upcoming November elections are pivotal for the crypto sector. In addition to the presidential race between Trump and Kamala Harris, all 435 House seats and 33 Senate seats are contested. The industry believes that a win by Trump could yield polici…
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