The chapter explores the intersection of crypto regulation and political dynamics, highlighting contrasting views on Wells Notices, SEC actions, and the Biden administration's stance on crypto regulations. It discusses the impact of political decisions, such as House Resolution Bill 109, on the custody of crypto assets by US banks, with bipartisan support for regulatory changes. The chapter also delves into Trump's positioning as a pro-crypto figure against the backdrop of Democrats' differing views within the crypto industry.

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