
It was no secret that the crypto enforcement approach was going to change under the Trump administration. Indeed, one of Trump’s first acts upon returning to the White House in January was to sign an executive order calculated to try to make the U.S. the “crypto capital of the world.” The SEC has likewise made it clear that under the new administration the agency will also be taking a new approach to crypto. The acting SEC leadership has already made a number of crypto-friendly moves – among other things, the new leadership disbanded the agency’s Crypto Enforcement Task Force. The SEC has also dismissed pending cases against Binance (here) and Coinbase (here). As discussed below, the agency recently has taken even further crypto friendly actions – all of which has at least one observer to ask whether the SEC crypto pull back has gone too far?Continue Reading Sounding the Alarm on the SEC’s New Crypto Approach