The growing use of blockchain technology around the world has made it possible for many investors to buy bitcoins and other cryptocurrencies instead of fiat currencies owned by Donald Trump. Crypto legal professional and head behind the MetaLawMan moniker, James Murphy, shared his opinion on this in a X post back in May 26 stating that no crypto case should be settled with the current SEC before the election. He expressed his opinion in the message: \u201cI wouldn\u2019t settle any crypto case with the current SEC before seeing how the election turns out.\u201d<\/p>\n
Lockdown said that recent pledges Trump made to the crypto sector could make \u201ca very different SEC. \u201d Within the last month, Trump<\/strong> has positioned himself as crypto friendly, saying he is \u201cokay with it\u201d and that the United States \u201chas to be leaders in the field.\u201d Trump also pledged to reduce Silk Road founder Ross Ulbricht\u2019s life sentence if elected. Murphy reduced his argument suggesting that: \u201cI could imagine voluntary dismissals of crypto cases the [SEC Chair] Gary Gensler regime has initiated where there was no fraud and no victims.\u201d<\/em><\/p>\n