The Donald Trump administration continues to push its commitment to limit government intervention in the crypto market, as the US Securities and Exchange Commission (SEC) has just reduced the scale of its crypto oversight unit and reassigned over 50 employees to other departments. This move is seen as a major turning point for the cryptocurrency industry in the US.
🚨 Is the SEC "relaxing pressure" on crypto?
According to a report from #TheNewYorkTimes , some employees from the enforcement department have been reassigned, with even a senior lawyer being removed from this department – something that some in the industry call "unfair demotion."
This restructuring reflects Trump's new policy, who once claimed he would ease oversight and make the US a global crypto hub.
📌 "We will provide a more reasonable legal framework instead of continuing down an unclear path." – SEC Commissioner Hester Peirce, who currently leads the new crypto task force, stated.
🔥 What does the future hold for major lawsuits like Coinbase?
The SEC's personnel reshuffle also raises questions about the fate of ongoing lawsuits, particularly the SEC vs Coinbase case.
The SEC sued Coinbase in 2023, accusing the exchange of operating as an unregistered securities exchange.
This lawsuit is seen as a major test for former SEC Chairman Gary Gensler's assertion that most cryptocurrencies are securities.
Under Gensler, #SEC was criticized for trying to stifle the crypto industry without providing clear regulations. However, with the current changes, major lawsuits may be stalled or find a new, more lenient resolution.
🏛 Is Trump rewriting the "rules of the game" for crypto?
Not only is the SEC restructuring, but the administration #TRUMP is also taking significant steps to change its approach to the digital currency market:
✅ Repealing SAB121 – a regulation requiring financial companies to classify customer crypto assets as liabilities, which many experts criticized as stifling the digital finance industry.
✅ Establishing a dedicated crypto policy team focused on developing a more reasonable legal framework.
✅ Completely banning central bank-issued digital currencies (CBDCs) – a clear indication that Trump does not want a government-controlled “digital dollar.”
🔮 Is crypto in the US about to become "easier to breathe"?
The SEC's softer stance and the $TRUMP administration's proactive support for the crypto industry could pave the way for a stronger growth phase for the market in the US. However, many questions remain unanswered:
Will the SEC actually loosen its controls, or is it just restructuring to approach things differently?
Will major lawsuits like Coinbase be dropped or continue but in a more lenient manner?
Can the US reshape its position in the global crypto market?
👉 A new era of crypto in the US may be about to begin! 🚀 #anhbacong