US Congress legislative records

Trump Vows to End SEC Hostility to Crypto, Opposes Biden's Veto Promise

May 9, 2024, 01:45 AM

Former President Donald Trump has publicly declared his support for the cryptocurrency industry, stating that he will end the hostility towards crypto businesses in the United States if re-elected. This announcement follows a recent vote by Republicans to overturn SEC regulations preventing banks from holding cryptocurrencies, which President Joe Biden has vowed to veto, supporting the SEC's stance. Trump emphasized his pro-crypto stance, contrasting with Biden's approach, and mentioned his disapproval of investments like the Memecoin $BODEN. Trump's commitment to embracing crypto was highlighted during various public statements where he emphasized his desire to retain crypto businesses within the US and prevent them from moving overseas due to regulatory hostility.