DeFi firms have feared implementing “value accrual mechanisms” for their tokens under the SEC’s oversight — but that could change with president-elect Donald Trump.
Gary Gensler news
Coinbase chief legal officer Paul Grewal has urged the SEC to foster crypto innovation over litigation amid Trump’s pledge to fire Gensler.
Donald Trump is projected to win the US presidential election, promising to promote crypto in America.
In an interview with Bloomberg, Gary Gensler suggested he had no plans to alter the SEC’s course on its “regulation by enforcement” approach to crypto.
In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry.
Harris takes a softer stance than Biden on crypto regulation but is more skeptical than Trump on taxes, Bitcoin mining, and self-custody, according to Galaxy Research.