Trump’s crypto-friendly stance lures firms to US market

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Financial Times 1d ago

Trump’s crypto-friendly stance lures firms to US market - Financial Times

Quick Summary:

But Trump’s active courting of the industry, and pledges to “make the US the crypto capital of the world”, appear to have made the US a much less hostile place for digital assets firms to do business.

After the collapse of crypto exchange FTX in November 2022, a concerted crackdown under the Biden administration on the industry by authorities and regulators meant some firms and customers opted to steer clear of the US.

US, a standalone unit of the world’s largest crypto exchange, began accepting dollar based deposits and withdrawals this year after suspending the service in July 2023 on concerns from regulators.