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RE: LeoThread 2024-11-13 03:36

in LeoFinance2 days ago

Bitcoin is nearing $90,000; in fact, it's up about 30% since November 5th. Traders are betting on Trump's promises to be a crypto president by lowering regulation and ushering in a crypto-friendly Congress. Reporter Hannah Lang has been looking into what kinds of changes the industry expects from the new administration: "The crypto industry is broadly expecting that the Trump Administration will be more lax on enforcement and overall take a very different approach than the current SEC where they claim that most crypto tokens are securities and need to be registered as such and provide disclosures to investors." The crypto industry disagrees with that sentiment; they claim they've had difficulty really lifting crypto into mainstream acceptance because of some of these guardrails in place.