During the first month of the Trump administration, the crypto industry has celebrated a string of victories, from Trump announcing a planned “strategic reserve” of digital assets held by the U.S. government to the pardoning of Ross Ulbricht, the founder of the dark web marketplace Silk Road.
The most consequential change for the blockchain sector, though, has been the Securities and Exchange Commission’s decision to halt its relentless enforcement campaign, and to drop or pause key lawsuits and investigations against top companies, including Coinbase, Binance, Kraken, and Yuga Labs.
