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Federal cases dropped under Trump: SpaceX, Coinbase, Robinhood

Feb 27, 2025 - businessinsider.com
The Trump administration is dropping several regulatory cases against major businesses, particularly benefiting crypto firms like Coinbase, OpenSea, and Robinhood, which have seen investigations and lawsuits closed. The Department of Justice also plans to dismiss a hiring discrimination lawsuit against SpaceX. This shift indicates a potential era of lighter regulation for the crypto industry under Trump's second term, despite previous skepticism about crypto's merits.

However, antitrust enforcement against tech giants such as Google, Meta, Amazon, Apple, and Ticketmaster is expected to continue. The DOJ is pursuing ongoing antitrust lawsuits, with cases against Google and Meta nearing trial stages. The Federal Trade Commission, under new leadership, is also committed to challenging Big Tech, focusing on policy and contract changes rather than breaking up companies.

Key takeaways:

  • The Trump administration is dropping regulatory cases against certain companies, benefiting firms like Coinbase, OpenSea, and Robinhood.
  • The DOJ plans to drop a lawsuit against SpaceX, which was accused of hiring discrimination against refugees and asylees.
  • The SEC ended its nearly two-year lawsuit against Coinbase, signaling a potential era of lighter crypto regulation under Trump.
  • Antitrust enforcement against tech giants like Google, Meta, Amazon, and Apple is expected to continue under the current DOJ.
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