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Under Trump, the U.S. War Against Crypto Is Over
WASHINGTON -- Regulators tried to police the crypto market using the strongest weapons they have. Now they are likely to lay down their arms.The Securities and Exchange Commission sued crypto exchanges Binance, Coinbase and Kraken last year, accusing the platforms of dealing assets that are illegal to trade without regulatory supervision. Crypto executives had refused to comply with financial rules that they said were a bad fit for digital currencies.Trump's return to the White House will mean a new era for crypto -- with fewer government hurdles. The president-elect, shedding previous skepticism of crypto, has pledged support for the digital-asset industry, whose leaders embraced his campaign. He also wants to curb the independence of agencies such as the SEC and the Federal Reserve.Gensler flipped the SEC's attention away from the hundreds of coin issuers to those exchanges and similar midd
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