Crypto mergers and acquisitions expected to spike under second Trump presidency
Former president Donald Trump is set to return to the White House in January after winning the election on Tuesday. During the campaign, Trump made several promises to the crypto community, one of which was to fire the U.S. Securities and Exchange Commission (SEC) chairperson Gary Gensler on the first day of his presidency.
Around six merger advisers and venture capitalists believe Trump will follow through on his promise to axe Gensler, who has used regulation through enforcement for years. Experts also believe that Trump could pave the way for more favorable crypto regulations.
In light of these forthcoming changes, merger advisers and venture capitalists told Bloomberg that they expect crypto merger and acquisition deals to pick up…
