Crypto Industry Praises Trump, Calls For Market Clarity

• Crypto Industry Praises Trump, Calls For Market Clarity.
• SEC drops major cases against Coinbase and Kraken.
• Eric Trump promotes crypto ventures amid conflict concerns.

The global cryptocurrency industry has hailed President Donald Trump’s return to office, with key stakeholders expressing optimism over the direction of digital asset regulation under his administration.

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EKO HOT BLOG reports that the sentiment was shared on Wednesday at Consensus, the world’s longest-running crypto conference, held this year in Toronto, Canada.

“It’s been a very encouraging three months across the board,” said Lewis Cohen, a legal expert on digital assets at the New York law firm Cahill Gordon & Reindel, reflecting on the early months of Trump’s new term.

Calls for clearer regulatory frameworks dominated discussions, with many in the industry hopeful that Republican control of Congress could usher in more favorable policies for digital finance. Under the previous Democratic administration, crypto faced significant regulatory pressure, which stakeholders now hope to see reversed.

Annemarie Tierney, a former Securities and Exchange Commission (SEC) official and now with Liquid Advisors, described Trump’s presidency as a chance for a reset in the often-tense relationship between Washington and the crypto sector. “This is one of the most important things the SEC has done,” she said, referencing recent decisions made under Trump’s SEC Chair, Paul Atkins.

Atkins has already moved to drop high-profile enforcement actions against major crypto platforms such as Coinbase and Kraken—cases originally initiated under the leadership of former SEC Chair Gary Gensler during Joe Biden’s tenure. These developments were greeted warmly by industry participants, many of whom voiced open frustration with Biden-era regulations that restricted banks’ involvement in crypto.

Adding to the buzz at the conference is Eric Trump, son of the president and a prominent figure in the crypto space. Eric is set to speak Thursday and is involved in several ventures, including American Bitcoin and World Liberty Financial. He is also linked to the $TRUMP meme coin, which saw a surge in value after it was revealed that top holders would be invited to a private dinner with President Trump on May 22 at the Trump National Golf Club near Washington.

Crypto Industry Praises Trump

Crypto investors played a significant role in Trump’s recent campaign, contributing millions in hopes of bringing about a friendlier regulatory environment. Many now believe that the industry may be entering a new era of legitimacy and expansion under Trump’s leadership.

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