The SEC has appointed David Woodcock to lead enforcement after Margaret Ryan’s departure, as the agency drops several major crypto cases under the Trump administration, according to The Block and Reuters.
The SEC appointed David Woodcock as head of enforcement, replacing Margaret Ryan one month after her departure. The personnel change adds a new leadership detail to the agency’s broader crypto enforcement shift. According to The Block and Reuters, the SEC has also dropped cases against Coinbase, Kraken, and Binance under the Trump administration. This follows the agency’s earlier description of its crypto enforcement approach as a "necessary course correction" and its launch of the Cyber and Emerging Technologies Unit to complement the SEC’s Crypto Task Force.