Coinbase, the largest crypto exchange in the U.S., announced on Friday that the SEC intends to drop its lawsuit against the exchange. This decision indicates a shift in regulatory approach under the Trump administration, which appears to be more supportive of the industry.
The shifting stance of the current administration in Washington D.C. promises to give the entire crypto industry, including enterprises like Bit Mining Ltd. (NYSE: BTCM), some respite from “regulation by enforcement” and usher in an era characterized by clear rules that proactively guide the growth of the…
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