SEC to Overhaul Crypto Policies, May Freeze Enforcement Under Trump Next Week

Jan 15, 2025, 03:16 PM

The U.S. Securities and Exchange Commission (SEC) is set to undergo a significant overhaul of its cryptocurrency policies under the incoming administration of President-elect Donald Trump. According to Reuters, the SEC plans to review and potentially freeze or withdraw enforcement actions against crypto firms, particularly those not involving fraud allegations. This shift in policy is expected to begin as early as next week, following Trump's inauguration. The new SEC leadership, including Hester Peirce and Mark Uyeda, known for their crypto-friendly stances, will be instrumental in these changes. Paul Atkins, Trump's nominee for SEC chair, is anticipated to lead the agency in a direction more favorable to the crypto industry, potentially easing accounting rules that have deterred companies from holding crypto for clients.