For the past four years, the cryptocurrency industry has been driving on a dirt track in a dark wilderness, with regulatory bandits lurking around every bend. The landscape changed with the election of Donald Trump, who campaigned to become the first “crypto president.” Suddenly, the road ahead was paved, the sun was shining, and Bitcoin hit $100,000. But what does the Trump administration actually mean for crypto?
There’s little question that the Biden administration was bad for the crypto industry. Though it occasionally threw the industry a bone, the administration oversaw a regulatory apparatus that imposed a de facto ban on large parts of the digital-assets ecosystem in the United States. The Securities and Exchange…
