Kraken Bolsters Coin Offerings in Response to Possible US Regulatory Easements
by aria-crypto.com
November 23, 2024 at 06:41
Kraken Bolsters Coin Offerings in Response to Possible US Regulatory Easements
Kraken, the second-largest U.S. crypto exchange, has announced the addition of 19 new tokens to its trading roadmap, signaling a robust expansion strategy amid anticipated regulatory relaxations under the upcoming President-elect Donald Trump's administration. Notable tokens such as BNB, DYDX, AR, and LQTY are included, reflecting Kraken's commitment to broadening its asset offerings. This proactive move is grounded in expectations of a more lenient regulatory climate in the U.S., potentially facilitating greater access and adoption of various cryptocurrencies. Concurrently, the crypto advocacy group Coin Center has expressed concerns over existing U.S. policies that may inhibit the sector's growth. They highlight stringent surveillance and reporting requirements which could deter innovation and lead to criminal charges against crypto service providers, as seen in recent high-profile cases. Despite the ostensibly pro-crypto stance of the Trump administration, fears remain that an overly strict application of anti-money laundering and tax reporting laws may not be relaxed, which could continue to push crypto innovations away from the U.S. However, optimism persists that recognizable progress could emerge if these rigorous policies are reviewed and adjusted to foster, rather than hinder, the development of the cryptocurrency space.
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