SEC Scales Back Crypto Enforcement Unit Under Trump Administration, Reassigns Over 50 Lawyers

The U.S. Securities and Exchange Commission (SEC) is scaling back its cryptocurrency enforcement efforts, according to sources cited by the New York Times. The agency is reassigning over 50 lawyers and staff members who were part of a special unit dedicated to bringing enforcement actions against cryptocurrency-related activities. This move is seen as the first concrete action by the Trump administration to ease regulations on digital assets.