SEC Eases Majority of Crypto Cases Under Trump’s Second Term
According to The New York Times, the SEC has paused or withdrawn over 60% of active cryptocurrency lawsuits, signaling a major change in U.S. federal regulatory policy.
Summary
Following Donald Trump’s return to the White House, the SEC paused or withdrew more than 60% of active cryptocurrency-related lawsuits, including high-profile cases against Binance and Ripple. The New York Times reports that this represents an unprecedented federal policy shift in crypto regulation. This approach contrasts with previous administrations, as the SEC filed no new crypto cases during this period and withdrew a significant portion of ongoing actions, marking a departure from the enforcement-heavy stance of the Biden administration.
Terms & Concepts
- SEC (U.S. Securities and Exchange Commission): The primary federal regulator overseeing securities markets and enforcing laws against market manipulation and fraud.
- Crypto cases: Legal actions brought by regulatory authorities concerning alleged violations or misconduct involving cryptocurrencies and digital assets.