More than 700 employees at the U.S. Securities and Exchange Commission (SEC) have resigned in response to Trump-backed federal cuts and pro-crypto reforms, sparking hopes for a bullish regulatory shift in the digital asset space.

Mass Resignations Signal Pro-Crypto Shift Under Trump

Hundreds of employees are expected to leave the SEC as part of a voluntary resignation program linked to President Donald Trump’s initiative to reduce the size of the federal workforce, according to five unnamed sources cited by Reuters. Among the departures are senior officials and lawyers from the agency’s enforcement and legal divisions.

Since the end of January, over 700 employees have submitted their resignation notices, including more than 150 from the Enforcement Division. Over a dozen senior staff have also accepted buyout offers, the sources added. These resignations are part of a broader campaign, backed by Trump, Elon Musk, and the Department of Government Efficiency (DOGE), aimed at cutting back what Trump has labeled as a bloated and inefficient bureaucracy.

The White House began offering financial incentives for early retirements and voluntary resignations earlier this year, with a Friday deadline for SEC employees to accept the deals. Although over 600 departures have been confirmed, sources indicated the number may increase as more decisions are finalized. Not all exits are tied to buyout programs, and some employees may still change their minds.

Two sources noted that the hardest-hit departments include the SEC’s Enforcement Division and the Office of General Counsel. According to the SEC’s latest budget report to Congress, the resignations represent over 12% of the agency’s total workforce. The process began under acting SEC Chairman Mark Uyeda. Trump’s nominee for SEC Chair, Paul Atkins, is expected to testify before Congress next week. The agency is already dealing with internal restructuring, possible office closures, and shifting strategic priorities.

Trump’s Administration Pushes for a Pro-Crypto Regulatory Landscape

The wave of resignations coincides with a significant shift in the SEC’s approach to digital assets under the Trump administration. As part of Trump’s pro-crypto stance, the SEC has begun withdrawing lawsuits against several crypto firms. The White House recently hosted its first-ever crypto summit.

In addition, the SEC has launched a new crypto task force, led by Commissioner Hester Peirce, focused on regulatory clarity and innovation. These initiatives have been widely seen as bullish for the crypto industry, which has long criticized the SEC’s enforcement-first approach as overly aggressive.

Trump’s backing of the sector is being interpreted by industry leaders as a sign of a more favorable regulatory environment that could attract investment and stimulate technological development in the United States.

#TRUMP , #SEC , #CryptoRegulation , #DigitalAssets , #USPolitics

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