Crypto Industry Challenges NYT Report on Trump-Era SEC Policy Shifts
The New York Times' investigation into Trump administration's influence on SEC crypto regulation has drawn sharp criticism from industry leaders. Galaxy Digital's Alex Thorn led the pushback, calling the report's premise flawed for characterizing previous enforcement as standard rather than politically motivated overreach.
Thorn's X thread highlighted bipartisan congressional opposition to pre-2021 crypto policies, noting even Democratic senators rebelled against Warren-aligned positions. The controversy centers on whether regulatory easing constituted proper course-correction or donor favoritism.