Donald Trump’s election win has sent crypto booming
The estimated $US135 million it spent on the election was, it seems, money well spent, with at least 47 of the 56 candidates it backed winning their seats. These include crypto enthusiast Bernie Moreno who, backed by $US40 million of crypto funding, toppled crypto sceptic and chair of the Senate banking committee Sherrod Brown.
The prospect of Gensler being removed has the sector most excited.
SEC chairman Gary Gensler is in Trump’s sights.Credit: Bloomberg
With Congress unwilling or unable to provide a legislative framework for crypto regulation, the SEC under Gensler has filled the vacuum, prosecuting crypto companies for failing to register their platforms or tokens. With other agencies, it has also launched actions against companies…
