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

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.

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Category: EconomyBusiness

Markets: Singapore

Topics: Regulations Crypto First Last Expect Industry Trump Massive Deals Mergers 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 09:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23485295

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