The post The SEC’s Crypto Course Reversal appeared on BitcoinEthereumNews.com.

The U.S. Securities and Exchange Commission has been busy over the past few weeks, hinting at a brighter future for crypto companies. PS: I’ll be in San Francisco next week for the American Banker Payment Forum. Say hello. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The crypto industry racked up a number of early wins in the first month (and week) of Donald Trump’s second term as U.S. president. The U.S. Securities and Exchange Commission announced it would drop or close half a dozen open investigations and ongoing cases, and asked courts to pause two more. Why it matters The crypto industry clearly won big during the 2024 election, and it’s only just beginning to see what that means. Questions of how it actually should or shouldn’t be regulated are now up in the air. Breaking it down Over the last week and change, the SEC filed to withdraw its case against crypto exchange Coinbase, pause its cases against Binance and Tron and informed ConsenSys, OpenSea, Robinhood, Uniswap and Gemini it would close its cases or investigations into those platforms. These announcements come on the heels of SEC Commissioner Hester Peirce announcing she would head up a new crypto task force at the regulatory agency and publishing a number of open questions to the general public about how securities law might apply to different types of cryptocurrencies and defining how the SEC would oversee this industry. The SEC also withdrew staff accounting bulletin 121, an accounting standard much of the industry hated. While there are a number of investigations or cases still outstanding, it’s clear the SEC has taken a sharply diverging tack under Acting Chair Mark Uyeda from when former…

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Filed under: News - @ March 1, 2025 5:22 am