Crypto pins hopes on reshaped Securities and Exchange Commission for deal revival under Trump

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The story "Crypto pins hopes on reshaped Securities and Exchange Commission for deal revival under Trump" was covered 3 days ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 3d ago

Crypto pins hopes on reshaped Securities and Exchange Commission for deal revival under Trump - The Straits Times

Quick Summary:

Crypto executives have long blamed a dearth of mergers and acquisitions on uncertainty around US regulations.

A post-election spike in cryptocurrency prices provided a first indication that the record US$135 million (S$178 million) the industry funnelled into this year’s US political races up and down the ballot might pay off.

Tether, which generated an unaudited profit of US$2.5 billion in the third quarter off its massive reserves, said in June that it expected to pour more than US$1 billion into deals in the next 12 months.