SEC Admits Gary Gensler’s Crypto Cases Produced ‘No Investor Benefit’

In its fiscal year 2025 enforcement report, the SEC criticized several crypto-related legal actions initiated during Gary Gensler's tenure. The commission stated these cases involved a "misinterpretation of the federal securities laws" and resulted in "no investor benefit or protection."

Under the leadership of current Chairman Paul Atkins, the agency is shifting its focus away from "regulation by enforcement" and prioritizing cases involving actual fraud, market manipulation, and abuses of trust. This policy shift has led to the dismissal of multiple enforcement actions against major crypto companies, including Coinbase and Binance, as the SEC attempts to realign its resources toward genuine investor safeguarding.

(Source：BeInCrypto)