Mike Belshe criticized Galaxy Digital after it settled for 200 million USD with the New York Attorney General, citing its mishandling of Terra LUNA. He stressed the need for transparency and ethical conduct in the crypto market.
Belshe’s comments also reflect broader regulatory shifts under different U.S. Administrations, contrasting the Biden and Trump approaches to crypto regulation. With Trump’s SEC chair nominee advocating for rational regulations, the crypto industry may see significant changes.
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