Trump withdraws slew of Biden-era lawsuits tied to abortion, racial discrimination, financial regs and more

"Democrats' abortion extremism cost them the election," said Katie Daniel, Director of Legal Affairs & Policy Counsel at Susan B. Anthony Pro-Life America. "With President Trump and a new administration in charge, Biden's weaponization of the federal government is over - no more lawfare. The will of the people is clear and activist judges must not interfere."

"Here's a direct quote from the judge: 'The court will not approve of an agreement which may violate the rights of others without a sufficient evidentiary basis to show that such race-based action is warranted,'" Spakovsky said. 

"The broad scope of all of these dropped civil rights cases," he concluded, "is that they are throwing out the ones - in my opinion - that call on defendants to violate federal laws against discrimination."

Two other high-profile lawsuits recently dropped by the Trump administration include a Biden-era Environmental Protection Agency case against local Louisiana regulators and the synthetic rubber manufacturer Denka, which alleged failure to adequately protect the predominantly minority community near its plant from cancer risks linked to air pollution.

"It's a big plus for the crypto and fintech sector as a whole, because you just see them celebrating, like you see social posts online of a lot of these executives at those companies that just missed lawsuits who are really happy," said Kison Patel, a financial tech entrepreneur and the host of "M&A Science," a podcast about mergers and acquisitions. "It seems like there's going to be less scrutiny and regulations around that sector."

Patel added that while mergers and acquisitions were expected to ramp up this year, he isn't so sure anymore considering the approach Trump has signaled towards antitrust enforcement.

"I think there's still a lot to watch in the antitrust area," said Patel, who pointed to a new case the Federal Trade Commission has brought against a medical device company on antitrust grounds. "But, the take home is there doesn't appear to be a big shift in position in the realm of regulations around antitrust."