Gary Gensler’s SEC has conducted one of the most aggressive regulatory crackdowns on the crypto industry in US history, viewing most digital assets as unregistered securities under decades-old finance laws.
However, the recent Republican landslide at the polls could result in a rollback of enforcement action from the securities regulator, according to Bloomberg.
Additionally, President Trump pledged at the Bitcoin Nashville conference in July that he would fire Gensler “on day one” when he was elected.
Time for a Change
Gensler’s replacement is expected to push forward new regulations that will modify existing securities laws. This will enable crypto companies to register and become compliant with rules that Gensler has been suing them for flouting, the report noted.
Jack Inglis, CEO of the London-based Alternative Investment Management Association, said, “We expect that both the Trump administration’s and new Congress’ approach to crypto regulation to be much more constr
We współpracy z: https://cryptopotato.com/sec-war-on-crypto-could-wind-down-under-trump/
