Crypto Roars After Trump Victory: Industry Leaders Demand Regulatory Change

The gloves are off. Emboldened by Donald Trump’s presidential win, crypto leaders are demanding a radical shift in regulatory approach, setting the stage for a high-stakes battle over the future of finance. From Coinbase’s C-suite to billionaire investors, the message reverberating across the industry is clear: cease the lawsuits, initiate dialogue, and embrace the transformative potential of cryptocurrency.

Coinbase Chief Legal Officer Paul Grewal issued a direct challenge to the SEC on X, just hours after the election results. “I hope @SECGov understands what has happened tonight,” Grewal wrote. “On many, many issues, the voters said loud and clear that they want change. Crypto is no exception. Stop suing crypto. Start talking to crypto. Initiate rulemaking now. There’s no reason to wait.”

This sentiment echoed across the crypto landscape. Ripple CEO Brad Garlinghouse, also on X, offered Trump a “first 100-day checklist,” including firing SEC Chair Gary Gensler, appointing a pro-crypto successor, and clarifying the regulatory status of Ether. Billionaire Mike Novogratz observed a “substantial shift in the energy” of the crypto industry following Trump’s victory.

Coinbase CEO Brian Armstrong, in a comprehensive X post, declared the election a “huge win for crypto.” He cited several contributing factors, including the crypto-backed victory of Bernie Moreno over Senator Sherrod Brown, Trump’s open support for the industry, and the perceived rejection of Senator Elizabeth Warren and Gary Gensler’s regulatory approach. 

Related: Crypto Titans Bunker Down Now: Vitalik’s Austerity Vow, Binance $1B Bitcoin Shield

Armstrong predicted a decidedly pro-crypto Congress, asserting that “DC received a clear message that being anti-crypto is a good way to end your career.” He underscored the industry’s non-partisan stance, stating, “Crypto should be supported by both sides… What we won’t tolerate are politicians trying to unlawfully destroy our industry.”

The Gemini co-founders, Cameron and Tyler Winklevoss, also celebrated on X. Cameron posted, “They ignored you. They laughed at you. They fought you. You voted Trump. We won.” Tyler added, “Crypto just became a bipartisan issue overnight.”

Related: Crypto Industry Now Mobilizes Against Perceived Quantum Threat

This wave of jubilation reflects the crypto industry’s deep frustration with the current regulatory environment, particularly the SEC’s aggressive enforcement actions. The election results are being interpreted as a mandate for change, with industry leaders pushing for a more collaborative and innovation-friendly approach.

While the long-term impact of Trump’s presidency on crypto policy remains uncertain, the industry is clearly energized. The coming months will be crucial in determining whether this newfound optimism translates into concrete policy changes and a more welcoming regulatory landscape for digital assets.

Read More

• Shiba Inu Price Soars on Kusama’s Vision of a Blockchain Silicon Valley-S.H.I.B
• Shiba Eternity Web3 Beta Bash Crowns Its First Top Dogs—And They’ve Got the $BONE to Prove It!
• ShibaSwap 2.0 Introduces APR Display: A New Tool Empowers Liquidity Providers

YONA GUSHIKEN

Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.

---

Yona has no crypto positions and holds no crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

THE SHIB IN YOUR SOCIAL FEED

Follow on X Follow on Instagram