Weekly Crypto Regulation Roundup: Trump slams Musk, Tim Scott backs blockchain, and broker rule gets buried

Donald Trump publicly berated Elon Musk, calling him a ‘train wreck’ over Musk’s new political party efforts. Trump argues these ventures will only disrupt the political landscape.

Senator Tim Scott emphasized the permanence of digital assets in a Senate hearing, urging the creation of clear regulatory frameworks. Meanwhile, the U.S. Treasury repealed cumbersome broker reporting rules, a significant win for the decentralized finance sector.

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