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As Trump Takes a Victory Lap, the Crypto Faithful Kiss the Ring
The crypto industry is celebrating the return of Donald Trump to the White House in anticipation of an easier ride under his regime.
Under the Democratic administration led by President Joe Biden, crypto companies have felt they were being singled out for persecution by US financial regulators and denied access to essential services, like banking. Reticence in the Harris camp to take a public stance on crypto was interpreted by industry members as a signal that her presidency would represent a continuation of the bad old times under Biden. Democrat-supporting members of the crypto industry were left in an awkward position; though they aligned with Harris’ politics, it was conceivable that victory for Trump would be a more beneficial outcome for the sector.
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