Changes in Regulatory Landscape
The Trump administration is halting several regulatory cases, leading to a shift in the business environment. Crypto firms such as Coinbase and Robinhood are already experiencing the benefits of this change.
However, antitrust enforcement against major tech companies is likely to persist under the current Department of Justice (DOJ). As the Trump administration takes office, we can expect a mixed outcome with both winners and losers as the approach to business regulation is redefined.
Emerging Patterns
Within just the first month, significant patterns are becoming evident. Numerous cases initiated during the Biden administration have either been dismissed or remain strongly enforced.
Impact on Crypto Firms
Notable winners in the cryptocurrency sector include Coinbase, OpenSea, and Robinhood, as federal officials have quickly moved to close investigations and litigation against them.
Future Enforcement Trends
Legal experts are anticipating an increase in traditional securities cases while the Biden DOJ’s vigorous antitrust stance against companies like Apple, Google, Meta, Amazon, and Ticketmaster is likely to continue.
According to attorney and Brookings fellow Bill Baer, who previously headed the DOJ’s antitrust division during Obama’s second term, “Gail Slater, who is on the verge of being confirmed as the head of the DOJ antitrust division, has extensive experience and indicated through her confirmation hearings that she would maintain the current course.”
Corporations Affected
The following corporations are among those whose federal investigations or cases have been dropped or are set to be dismissed since the inauguration of Trump:
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- Coinbase
- Robinhood
- OpenSea