Odaily Planet Daily reports that SBF posted on X platform stating that during Biden’s presidency, companies were forced to relocate overseas. Under Trump’s administration, companies were welcomed back to the United States. The regulatory measures taken by the Democratic Party included requiring licenses but refusing to issue them, preventing companies from operating in the U.S. The situation has now changed; the U.S. Department of Justice is no longer prosecuting the entire industry. For years, due to this policy, all liquidity prediction markets were located overseas, but they are now opening up to Americans, including in the cryptocurrency sector. The Democratic Party increased corporate taxes, leading to corporate relocations, and created loopholes that encouraged companies to keep funds abroad. Trump expanded business tax cuts to attract investment back to the U.S.
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