Trump government weakens SEC crypto control-new strategy for digital assets
The US stock exchange supervision SEC reduces its strict control of the crypto market under the new Trump government. A specialized unit is reduced, while new managers are pursuing a more industrial -friendly strategy.
Under the government of Donald Trump pulls the Sec from the strict regulation of the crypto market. The specialized unit for enforcing complaints is reduced, and new leaders who are more open to the industry are implementing a more liberal policy. It remains unclear how this realignment will affect ongoing investigations and existing procedures.
Realignment of the SEC under Trump
Mark T. Uyeda takes over the management of the SEC and relies on a less strict regulatory policy. Under it, personnel restructuring are carried out and the working group for crypto control loses importance. Some lawyers and employees of the crypto unit are transferred to other departments, while one of the leading lawyers leaves the enforcement team. This decision is considered by some as an unjustified degradation.
Hester Peirce, a well-known supporter of the crypto sector, Now leads a new working group To evaluate the previous regulation. In an official position paper, she criticizes the previous course of the SEC as “legally inaccurate and economically impractical”. Your goal is to develop a framework structure that enables innovation without promoting fraud.
Uncertain future of crypto regulation
The effects of these changes on existing SEC suproses are not yet foreseeable. Especially the Case against coinbasein which the platform is accused of operating as a non -registered stock exchange, there is a test case for the future regulatory strategy. Coinbase and other companies reject the perspective of the SEC that most digital assets can be classified as securities.
With the nomination of Paul Atkins as a possible new SEC chairman, politics could continue to shift in favor of the crypto industry. Atkins, a former second commissioner under George W. Bush, is known for his negative attitude towards strict regulations. The reactions from the industry show that crypto companies are trying to sanction former SEC officials who have campaigned for hard regulation. For example, Coinbase CEO Brian Armstrong has declared that he did not work with law firms that used to work for the SEC. Other actors in the industry also distance themselves from former regulators.
