SEC under Trump could freeze crypto cases not involving fraud: Report
The US Securities and Exchange Commission (SEC) may reconsider certain crypto enforcement cases under new management in 2025. Following the inauguration of President-elect Donald Trump, the SEC could review ongoing litigation against crypto firms, potentially freezing cases that do not involve fraud allegations. After January 20, the SEC will have only three members until new appointments are made. Republican commissioners Hester Peirce and Mark Uyeda may reassess the definition of securities and current court cases. The SEC has previously filed lawsuits against firms like Ripple Labs, Coinbase, and Binance. Some firms have settled charges, while others continue to appeal. Caroline Crenshaw, a Democratic commissioner, is expected to remain until 2025 despite attempts to confirm her for another term being blocked. Trump's campaign included a promise to remove SEC Chair Gary Gensler, indicating a shift in regulatory approach towards the crypto industry.
