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Crypto Industry in Panic: Trump’s Back, Regulatory Hammer Reemerges – Will You Still Have Your Bitcoin?

Crypto NewsRegulation/NegotiationSecurities Linda Williams November 14, 2024

A illustration depicting Donald Trump standing in front of an American flag with his hand raised high on one side while holding a hammer representing regulation on the other; two figures (Ripple's CEO Brad Garlinghouse and Coinbase's Paul Grewal) are shown looking relieved, possibly escaping from chains or shackles. The background is filled with chaotic scenes of courtrooms and financial institutions in disarray.

Crypto firms are having an existential crisis because their favorite playground is being taken away from them… again! With Donald Trump’s reelection and a Republican majority in the Senate, crypto companies like Ripple and Coinbase are looking to make nice with the new White House administration. They’re hoping for some friendly changes within government agencies, especially at the SEC (Securities and Exchange Commission), which has been their favorite punching bag since 2020.

Source: cointelegraph

Crypto firms push for SEC changes, crypto out of courts
https://cointelegraph.com/news/crypto-firms-push-sec-changes-crypto-out-courts
With Donald Trump’s reelection and a Republican majority in the Senate, crypto firms are ready to advocate for a “fresh perspective” on federal agencies.  Ripple, one of the crypto companies engaged in court battles with United States regulators, expects the new White House administration to remove digital-asset policies from the courts, and is looking for changes within government agencies:  “The SEC is a bureaucracy, but policy is people, and people […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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