Trump embraces crypto as GOP courts industry ahead of 2024 election
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Donald Trump has invested in crypto since leaving office and issued an NFT, indicating he may be more crypto-friendly if re-elected.
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Republican lawmakers have drafted crypto proposals aligning with the industry's goals and are floating potential SEC chairs who would support crypto.
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This contrasts with Biden's administration taking a skeptical approach to crypto and ramping up scrutiny.
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The crypto industry sees the 2024 election as pivotal in determining the extent to which crypto gains federal legitimacy.
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Key targets would be SEC appointments and joint SEC/CFTC rules providing regulatory clarity for digital assets.