Crypto Industry Lobbies Trump and His Allies After Election Wins

Published On Nov 13, 2024, 5:02 AM

As Bitcoin reaches new heights, cryptocurrency leaders are actively lobbying President-elect Donald Trump and his transition team to promote pro-crypto policies and staff. Their goals include reshaping the Securities and Exchange Commission (SEC), which has recently intensified its regulatory actions against crypto firms. Key figures in the crypto sector, including Coinbase and Ripple executives, are seeking to influence personnel decisions for the SEC and pushing for a more favorable regulatory environment for the industry.

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The ongoing efforts by cryptocurrency executives to secure favorable regulatory changes under the incoming Trump administration may lead to increased investment in crypto-related assets, especially as companies like Coinbase and Ripple engage directly with political leaders. If successful, this could bolster the market for cryptocurrencies and related financial products.

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