The United States plans to ease measures against cryptocurrency companies announced after Donald Trump's re-election.
Plans of U.S. Prosecutors
According to Reuters, federal prosecutors from the Southern District of New York are set to reduce the number of cases against cryptocurrency firms following successful high-profile prosecutions. This follows the conviction of major players such as FTX and settlements with Binance and Terraform Labs.
Leadership and Regulatory Changes
Donald Trump, after re-election, appointed former SEC chair Jay Clayton as the new U.S. Attorney for the Southern District of New York. This appointment is expected to trigger shifts in digital asset policy. Additionally, changes are anticipated in SEC leadership, with rumors about the possible departure of current chair Gary Gensler.
Industry Expert Feedback
Industry experts like Nic Carter and Rebecca Rettig have noted improved prospects for cryptocurrency regulation in the U.S. Nic Carter, after visiting Washington, expressed optimism about bipartisan support for stablecoin legislation.
These changes are expected to create better conditions for cryptocurrency firms in the U.S., though the ultimate outcome will depend on subsequent regulatory actions.
