In accordance with Altcoin Buzz, the crypto regulation landscape has shifted significantly between the Biden and Trump administrations. Under Biden, the crypto industry faced stringent measures, including Operation Chokepoint 2.0, which aimed to sever ties between traditional banks and crypto firms. Conversely, Trump has taken a more favorable stance, aiming to make the USA the 'crypto capital of the world.' His administration has initiated steps like allowing federally regulated banks to custody Bitcoin without prior approval. Despite these positive moves, ethical concerns arise due to Trump's personal involvement in crypto, including the promotion of memecoins like $TRUMP. The contrasting approaches highlight the evolving nature of crypto regulation in the US.
Trump's Crypto Regulation Shift: From 'Scam' to 'Capital of Crypto'
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