Cryptocurrency industry calls for regulatory clarity

Date:

TORONTO

The start of President Donald Trump’s term earned rave reviews at the world’s leading crypto conference, but top industry lawyers said digital platforms wanted regulatory clarity while the Republicans control Congress.

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“Across the board, it’s been a very encouraging three months,” said Lewis Cohen, a lawyer specializing in digital assets with the New York firm Cahill Gordon & Reindel.

Cohen was speaking at Consensus, the world’s longest-running crypto conference, hosted this year in Toronto.

Trump’s son Eric is deeply involved in the crypto industry through direct business ventures, notably as a co-founder and executive at American Bitcoin, as well as through family-backed projects like World Liberty Financial and the $TRUMP meme coin.

The digital currency saw a spike in value when it announced that its top holders would be invited to a dinner with the president, set to take place on…

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