Hi frens....
The crypto community in the United States and across the globe might be looking at the new government for its stance on crypto and how it will deal with the industry.
According to Gary Gensler, the chair of the United States SEC, the "investing public around the globe has lost too much money" because of the crypto firms not abiding by the laws the SEC tries to enforce.
This comes when the crypto industry is spending millions of dollars on political donations in an effort to influence the outcome of the US elections in the hope of more friendly future laws.
The future of crypto, one of the world's most hotly debated technologies is an issue where there looks to be a clear dividing line between the two, Donald Trump and the Biden administration.
By vowing to establish America as "the crypto capital of the planet" and a "strategic national bitcoin stockpile" akin to the US government's gold reserves, Trump has been trying to win over cryptocurrency enthusiasts with his campaign promises.
Trump also lately launched a new crypto business with the name World Liberty Financial which is a big turnaround from three years ago when he stated Bitcoin as something like "seems like a scam" and a threat to the United States Dollar.
Trump's recent stance on crypto is a stark contrast to the Biden administration. The White House in recent years has led a sweeping crackdown on crypto companies.
Thoughts?
Image Source: Getty Images
