full image - Repost: [DD Nominated Comment] Remember when DNC activists would swarm Ethereum/crypto subs and say that Trump would be no better than Harris on crypto policy, and that he wouldn't (from Reddit.com, [DD Nominated Comment] Remember when DNC activists would swarm Ethereum/crypto subs and say that Trump would be no better than Harris on crypto policy, and that he wouldn't)
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Remember when DNC activists would swarm Ethereum/crypto subs and say that Trump would be no better than Harris on crypto policy, and that he wouldn't keep any of his promises?😂Lawsuits dropped since Trump's inauguration:Coinbase – February 28, 2025Ripple – Early March 2025 Binance – February 13, 2025 Justin Sun (Tron) – February 26, 2025 OpenSea – Late February 2025 Kraken – Early March 2025 Robinhood – February 28, 2025Uniswap – February 28, 2025Gemini – Late February 2025 ConsenSys – Late February 2025 Yuga Labs – Early March 2025 Other positive developments since Trump's inauguration:Ross Ulbricht pardonedTrump pardoned him on his first day in officeTrump’s Executive Order on Digital Financial TechnologySupports digital assets, revokes restrictive policies, prohibits CBDCs, and establishes a crypto regulatory working group.SEC Rescinds SAB 121 (Jan 23, 2025) Removes barriers for banks to offer crypto custody, encouraging financial institution participation.Senate Overturns IRS Crypto Tax Rule (Mar 5, 2025) Repeals DeFi broker rule, reducing reporting burdens and supporting crypto innovation.OCC Clarifies Banks Can Provide Crypto Services (Mar 2025) Permits banks to engage in crypto custody, stablecoin businesses, and blockchain validation.CFPB’s Proposed Crypto Regulation Likely Withdrawn CFPB rule on digital payments halted due to agency suspension, removing potential burdens on crypto developers.New SEC Leadership Crypto-friendly figures Mark Uyeda (Acting Chair) and Paul Atkins appointed, signaling a shift from aggressive enforcement.Consideration of a National Digital Asset Stockpile Executive order mandates review of government-held crypto, potentially stabilizing the market.Trump Administration Repeals IRS DeFi Broker Rule (Mar 4, 2025) Senate voted 70-27 to overturn the rule requiring DeFi platforms to report gross proceeds, reducing compliance burdens and privacy concerns.Strategic Bitcoin Reserve Announced (Mar 7, 2025) Trump administration outlines plans to establish a government-held Bitcoin reserve, signaling further institutional support for crypto.IRS Crypto Reporting Rollback Trump administration moves to undo expanded IRS reporting requirements from the Biden era, reducing tax-related regulatory pressures on crypto firms.Author: u/aminokLink
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