Crypto Titans Bet On Donald Trump’s Win For SEC Shake-Up

Quick Summary:

As the 2024 US presidential election approaches, crypto leaders are anticipating significant changes in regulatory oversight if Donald Trump returns to the White House.

The crypto industry is dissatisfied with current administration’s stringent approach led by the Securities and Exchange Commission (SEC) under Chair Gary Gensler.

A critical case in point is the SEC’s lawsuit against Ripple Labs Inc., which alleges that Ripple conducted an unregistered securities offering through the sale of XRP tokens, raising over $1.3 billion.

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Article Details

Author / Journalist: Kritika Mehta

Category: Crypto

Markets: India

Topics: Donald Trump Bitcoin Regulation News Donald Trump Crypto Ripple vs SEC News 24/7 Cryptocurrency News Securities and Exchange Commission

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 14:21:12 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 659 words

Reading Time: 4 minutes read

Sentences: 48 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21694655

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 20 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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