- The SEC is scaling back on its crypto enforcement tactics in lieu of Trump’s pro-crypto policies.
- The SEC has transferred around 50 lawyers, reassigning them to other tasks.
- The future of the SEC vs. Ripple lawsuit over the sale of XRP tokens remains uncertain.
The United States Securities and Exchange Commission (SEC) is witnessing a significant change in its regulatory stance on digital assets under the administration of new US President Donald Trump. While the agency used a regulation-by-enforcement approach over the past four years, the SEC is now reducing its crypto enforcement efforts.
A report from the New York Times reported that one senior attorney was transferred from the enforcement division. Such transfers are seen as unfair demotions by some insiders who spoke to the New York Times. However, it appears the SEC aims to support the growth of the cryptocurrency sector.
The downsizing of the crypto enforcement division followed an executive order from President Trump to lessen regulatory constraints on digital assets. Meanwhile, Senior Bloomberg analyst Eric Balchunas wrote on X (formerly Twitter) that a special unit of 50 lawyers and staff h…
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