Trump appeared to welcome support from the cryptocurrency industry during his campaign, including speaking at the Bitcoin Conference earlier this year.
Crypto traders are betting that President-elect Donald Trump will usher in a new era of regulation for digital assets that will make it easier for the industry to grow, CEOs of firms involved in those markets told CNBC on Tuesday.
The Biden administration's Securities and Exchange Commission, led by Chairman Gary Gensler, took a combative stance toward crypto, with regulators taking legal action against several leading crypto firms,But Trump appeared to welcome support from the crypto industry during his campaign, including speaking at the Bitcoin Conference earlier this year.
"I think we finally have a chance to get some regulatory in the U.S. about some of these big open issues that frankly, under Gary Gensler, we just haven't gotten any clarity for a long time," Coinbase is a trading platform that is primarily focused on cryptocurrencies. Robinhood is a brokerage firm that rose to prominence in the midst of the"meme-stock" trade in 2021, and offers crypto as part of its trading options.
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