One Year After Gensler’s Exit, SEC’s Crypto Playbook Looks Very Different
One year after Gary Gensler's exit, the SEC, under new Republican leadership, has dropped numerous crypto enforcement actions and shifted its regulatory approach.Summary
One year after Gary Gensler resigned as SEC Chair during Donald Trump's inauguration, the agency's stance on digital assets has completely reversed. Under the acting and subsequent Republican leadership, including Mark Uyeda and Paul Atkins, the SEC dismissed several long-standing enforcement actions and investigations against major crypto firms like Coinbase, Robinhood Crypto, and Uniswap Labs, and dropped its appeal against Ripple Labs. This shift occurred amid increased political engagement from the crypto industry supporting pro-crypto candidates, and as President Trump and his family have personal financial ties to crypto ventures. The SEC has also held crypto roundtables seeking input, though future regulation may be determined by the pending Digital Asset Market Clarity (CLARITY) Act in Congress. Furthermore, all Democratic commissioners, including the last remaining skeptic, Caroline Crenshaw, have departed, leaving the agency entirely under Republican leadership.
(Source：Cointelegraph)