Show description: A post-election change in Washington correlated with reduced regulatory pressure on Crypto.com, and the SEC closed its investigation by late March without recommending an enforcement action. Reporting and company statements connected the decline in enforcement risk to shifting agency priorities after the 2024 election. Public disclosures show President Trump held more than $1 million in Ethereum, received up to $1 million in NFT revenue, accepted a multi‑million‑dollar MAGA‑themed token gift, and his campaign accepted more than $25 million in crypto donations during 2024. The administration announced policies to make the United States a crypto capital, refrain from selling government Bitcoin reserves, support domestic mining, and appoint leaders to coordinate cross‑agency policy on digital assets and AI. Market participants interpreted these developments as indicating a shift toward negotiated outcomes, guidance, and settlements rather than aggressive litigation, which can reprice enforcement exposure for founders, CEOs, and investors. Practical implications include potential shifts in enforcement discretion and settlement posture; greater importance of senior agency appointments for custody rules, exchange registration, token listings, stablecoin frameworks, and staking and market‑structure regulation; and the role of timing and transparency in shaping market reactions and concerns about conflicts and market integrity. Early signals to monitor include senior appointments and advisory roles, campaign finance and inaugural committee filings, public visitor logs showing meetings between officials and industry actors, investigation and settlement outcomes, staff legal bulletins, and any formal guidance linking surveillance sharing to spot listing approvals. Operational actions advised for teams include strengthening compliance readiness, segregating custody, documenting controls for staking and token handling, formalizing AML programs, hedging jurisdictional exposure, maintaining disclosures and governance, and engaging with rulemaking processes while pressing for transparent safeguards. Policy risk now includes both reduced enforcement exposure in some cases and increased reputational and integrity risks when private interests and public policy intersect, creating the potential for faster approvals alongside elevated scrutiny if transactions or personnel raise conflict concerns. 

Source: https://web3businessnews.com/policy/trump-cryptocom-conflict-risks/

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