S.E.C. Moves to Scale Back Its Crypto Enforcement Efforts

Published On Feb 4, 2025, 5:42 PM

The Securities and Exchange Commission (SEC) is scaling back its special unit dedicated to regulating cryptocurrencies, as part of the new administration's efforts to reduce constraints on digital assets. This marks a significant shift in the SEC's approach toward crypto enforcement, especially under the leadership of acting chair Mark T. Uyeda, who is seen as supportive of the crypto industry. This move follows President Trump's directive to promote the growth of cryptocurrencies and curb regulatory overreach. Key personnel changes within the SEC indicate a potential easing of enforcement against cryptocurrencies compared to previous leadership.