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Rebecca Liao, co-founder and executive director of Layer-1 Blockchain Saga, believes that digital assets began as a bipartisan problem, but gravitated towards the Republican party in the last electoral cycle due to the anti -pto policies of the previous administration.
In an interview with Turner Wright of Cointelegraph during the Ethdenver Conference, Liao pointed out the lack of cohesive policy of the stock exchange and values as the main challenge of the industry. The CEO said:
“The cryptographic community felt that the power administration was not really helping the cryptographic community with policies that would be productive for this industry, so they decided to pivot the Republican Party.”
“The alliance between Republicans and cryptography is a matter of anti-establishment feeling, so both are agitated against the order,” Liao continued.
The campaign's contributions also played an important role in changing the Republican party towards pro-crypto policies, the CEO said, adding that it was a hard truth that financial contributions often dictate how much chosen legislators listen to a particular constituency.
A graph that shows corporate campaign contributions during electoral cycles with the expense of the highlighting cryptographic industry in Orange. Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://www.citizen.org/article/big-crypto-big-spending-2024/” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.citizen.org/article/big-crypto-big-spending-2024/”>Public citizen
Related: The SEC working group continues to meet companies on cryptographic regulations
The United States government restores the relationship with the cryptographic industry
After the re -election of President Donald Trump in the United States and the resignation of former SEC president, Gary Gensler, federal regulators radically altered their position towards the cryptographic industry.
The SEC withdrew compliance actions against six cryptographic companies in February 2025 as part of the agency's regulatory genre.
Coinbase was the first cryptographic firm to see relief. The SEC agreed to abandon its compliance action against the company after a long legal battle that lasted more than a year.
On February 21, the SEC launched its research on Opensa, one of the main non -fungible token markets (nft) after investigating the platform to determine if nft sales constituted offers of values.
Uniswap announced the end of a SEC investigation into the decentralized exchange firm on February 25, a development that was praised as a great victory for decentralized finances.
More recently, on February 26, the SEC closed its Gemini investigation: an exchange of centralized cryptography, and on February 27, the agency agreed to dismiss its demand against crypto Firm Consensys.
Magazine: Trump cryptocurrencies increase the conflict of interest, privileged information questions
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