Under President Trump's administration, the U.S. Securities and Exchange Commission (SEC) has begun to retreat from its aggressive stance towards the crypto industry. This shift is evident as the SEC has dropped several significant lawsuits and investigations against major players in the cryptocurrency space, including Binance, Coinbase, and OpenSea. Over the past few months, the SEC not only dismissed lawsuits but also ended investigations into numerous firms, signaling a move away from what has been termed 'regulation by enforcement'. Key developments include the SEC’s agreement to drop its long-standing case against Binance, reversal of a cryptocurrency rulemaking case that would expand oversight over decentralized finance (DeFi), and the dismissal of lawsuits against Coinbase and Uniswap Labs. These actions reflect a broader attempt to engage more positively with the crypto sector and to establish clearer regulatory guidelines rather than pursuing punitive measures. Notably, many industry leaders view these changes as crucial victories that could foster innovation and investment in the crypto space going forward.

Source 🔗