Ah, the good old U.S. of A., where the Securities and Exchange Commission (SEC) suddenly turns into a pussycat, purring, âOh, bother, letâs just forget about it!â đ„Ž And whoâs behind this magical transformation? None other than the marmalade-haired maestro himself, Donald Trump, back in the White House with a flourish! According to a New York Times exposĂ©, the SECâs crypto crackdown went from âfull steam aheadâ to âfull stopâ faster than you can say âWinklevoss twins.â
- đ”ïžââïž 60% of crypto cases were paused, reduced, or tossed out like yesterdayâs fish after Trumpâs re-election. Coincidence? I think not!
- đ€ Cases involving Trumpâs chums, like the Winklevoss twins (yes, the Facebook-famous ones), got the VIP treatment. How convenient!
- đ€ The SEC claims itâs all about âlegal shifts,â but critics are calling it a cozy little quid pro quo. Hmm, who to believe?
Remember when the SEC was the big bad wolf, huffing and puffing at crypto firms? Well, now itâs more like a fluffy lamb, letting Binance, the worldâs crypto kingpin, off the hook. Poof! Case dismissed! đ And Ripple Labs? Oh, they got a discount on their fine. How generous of the SEC! đ
But wait, thereâs more! It turns out many of these lucky firms had ties to Trumpâs empire. Donations here, business deals there-itâs all just one big happy family. đ° The Winklevoss twins, for instance, didnât just donate to Trumpâs campaigns; they practically built him a ballroom! And letâs not forget their cozy ventures with Eric and Don Jr. What a bunch of jolly good fellows!
The SEC swears itâs not political. âJust a new strategy,â they say. Right. And Iâm the Queen of England. đ Trumpâs team blames the previous administration for âoverreach.â Classic Trump-always someone elseâs fault!
Critics? Theyâre not buying it. Especially when the Winklevoss twins, Trumpâs crypto BFFs, get off scot-free. Itâs enough to make you wonder if the SEC is just a puppet on Trumpâs string. đ
2025: Crypto Bros Pop the Champagne đŸ
Crypto firms are breathing easier, thanks to the SECâs sudden case of amnesia. Even Coinbase got a âGet Out of Jail Freeâ card! đź But not everyoneâs cheering. Anthony Scaramucci, the SkyBridge founder, spilled the tea: âTrumpâs meme coins? Just glorified gambling tokens! He made millions, and now theyâre crashing. Itâs a disaster for the industry.â Yikes! đŹ
âTrump being Trump, he launches two meme coins-one for him, one for Melania. They crash, and now the crypto worldâs in a pickle. Thanks, Donald!â đđž
Still, the crypto crowd has a president whoâs got their back-or at least their wallets. đ€
Meanwhile, in SEC Land…
The SECâs not completely napping on the job. Theyâre reviewing Nasdaqâs plan to list tokenized securities. Blockchain in traditional finance? Revolutionary! Or a recipe for chaos? đ§ Public feedback is pouring in, with some saying, âGo for it!â and others shouting, âWait for the DTCCâs green light!â
And letâs not forget the SECâs new guidance on crypto wallets. Hot wallets, cold wallets-itâs like a crypto fashion show! But remember, folks: manage your own keys or trust a custodian. Choose wisely! đ
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2025-12-16 05:13