SEC Cases Against Crypto Firms May Be Dropped If Trump Wins, Says Crypto Lawyer
CryptoNewsTerminal Staff27 May, 2024
SEC Cases Against Crypto Firms May Be Dropped If Trump Wins, Says Crypto Lawyer
James Murphy, a crypto lawyer, believes that if Donald Trump wins the November election, the SEC's cases against several crypto companies may be dropped. Additionally, SEC Chairman Gary Gensler may dismiss some of the pending cases. Due to their decentralized nature, the lawyer believes that applying traditional securities laws to crypto assets is challenging.