Despite some positive changes in regulatory conditions, not everyone is optimistic about the future. A prominent crypto lawyer working for a popular DeFi startup, who preferred to remain anonymous, believes that Biden’s apparent shift in stance towards crypto may not be genuine. He predicts that the President may revert back to his previous position if reelected. When asked if he felt any relief or if his job would become easier under the changing regulatory landscape, he responded, “absolutely not.” He remains skeptical and believes that today is no different from yesterday.
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