Coinbase's legal officer, Paul Grewal, hopes Trump’s win could lead to a much more balanced approach that encourages open dialogue rather than aggressive enforcement. Senator Cynthia Lummis is also still pushing for a national Bitcoin reserve, and plans to capitalize on the potential Republican Senate majority to drive pro-crypto legislation. Meanwhile, CySEC extended its suspension of FTX’s European arm once again, and Binance publicly denied claims of demanding token allocations for listings after an online debate about exchange listing fees.