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The U.S. Securities and Exchange Commission (SEC) has significantly scaled back its cryptocurrency enforcement efforts. In a recent tweet, John Reed Stark, a former official at the SEC, claimed in this regard that the agency’s crypto enforcement division is now “dead and buried.” The SEC Crypto Unit is Now Unofficially Dead and Buried Per LinkedIn, the SEC’s “Crypto Assets and Cyber Unit,” is now the “Cyber and Emerging Technologies Unit.” It won’t be long before the SEC’s website reflects the new name. Stick a fork in SEC crypto-enforcement, it’s done. pic.twitter.com/9JkywyZ30Q — John Reed Stark (@JohnReedStark) February 13, 2025 The SEC recently changed the name of the enforcement units related to cryptocurrencies on LinkedIn from “crypto assets” to “emerging technologies.” According to Stark, the move was initiated by the Acting SEC Chair Mark Uyeda to effectively disband crypto enforcement. Stark also further opined that the SEC would tone down on operations regarding cryptocurrencies. He said that the agency might withdraw or dismiss some of the already pending cases. The SEC paused its case against Binance for two months earlier this week adding to the belief of the dwindling enforcement activities. Currently, the SEC has not formally addressed the rebranding of the agency’s crypto enforcement unit. However, Stark opined that the agency’s website would soon change in the same regard. He stated, “It won’t be long before the SEC’s website reflects this new name. Perhaps the SEC will roll out the new name as some sort of feeble rebranding attempt.” SEC reevaluates crypto regulation strategy During a recent interview, commissioner Hester Peirce also acknowledged that the agency is reevaluating its approach to the crypto sphere. The SEC has often used enforcement actions to mediate the industry while recognizing that such measures are not conventional in policymaking. She insisted that they need…

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Filed under: News - @ February 13, 2025 11:23 pm