Under the new Trump administration, the U.S. Securities and Exchange Commission (SEC) has shifted its approach towards cryptocurrency, moving away from aggressive enforcement tactics. This includes halting lawsuits and investigations against several prominent crypto companies such as Binance, Coinbase, OpenSea, and Uniswap Labs. Notably, the SEC has granted stays in its legal battles to allow a reassessment of the changing regulatory environment. Some lawsuits, like those against Coinbase and OpenSea, have been voluntarily dismissed by the SEC, signaling a shift to a less confrontational regulatory approach. This has been met with approval from industry leaders who view it as beneficial for innovation. Other companies like Robinhood Crypto, Gemini Trust, and Yuga Labs have similarly had their investigations closed without enforcement actions, marking a significant pivot from earlier regulatory stances. The changes aim to foster a more constructive dialogue with the crypto sector, encouraging growth while defining clearer frameworks for compliance.

Source 🔗