The Globe and Mail reports in its Thursday edition that former U.S. president Donald Trump, who once derided cryptocurrencies as a scam, is courting the industry and winning big cheques from donors hoping he will end the crypto crackdown by Securities and Exchange Commission chair Gary Gensler. A Reuters dispatch to The Globe says that under Mr. Gensler, a Democrat appointed by President Joe Biden, the SEC has brought dozens of crypto enforcement actions, including against exchanges Coinbase, Binance and Kraken. A Trump victory could change that virtually overnight. He could appoint a crypto-friendly chair to advance the industry's wish list, which includes spiking guidance that it says has limited Americans' crypto custody options; a safe harbour for new tokens; and pulling enforcement actions. "The most important thing we want out of a new administration is the nomination of individuals to key positions that have an appreciation and an understanding of crypto," said Kristin Smith, chief executive officer of the Blockchain Association lobby group. Citing a Supreme Court ruling, Mr. Gensler says most crypto tokens behave like securities and should be regulated in the same way, a position lower courts have mostly backed.