The post SEC Reassigns 50+ Crypto Unit Staff in Regulatory Overhaul appeared on BitcoinEthereumNews.com.

TLDR SEC is downsizing its crypto enforcement unit, reassigning over 50 staff members as part of Trump administration’s new approach to digital asset regulation Commissioner Hester “Crypto Mom” Peirce now leads a new crypto task force, criticizing previous SEC regulatory approaches as imprecise and impractical The agency recently scrapped SAB121, a policy that required firms to treat customer crypto holdings as liabilities Trump banned CBDCs and established a presidential working group on crypto policy through executive order The restructuring raises questions about ongoing SEC lawsuits, including the 2023 case against Coinbase The U.S. Securities and Exchange Commission (SEC) has begun dismantling its specialized crypto enforcement unit, marking a dramatic shift in regulatory approach under the Trump administration. According to a February 5 report by The New York Times, more than 50 lawyers and staff members focused on digital asset regulation are being reassigned to different departments within the agency. The restructuring affects personnel across multiple levels of the organization. At least one senior lawyer has been removed from the enforcement division entirely, a move that some inside sources described as an “unfair demotion,” according to the Times report. This overhaul aligns with President Trump’s campaign promises to reduce government intervention in the digital assets sector. Since taking office, the administration has made clear its intention to position the United States as a global leader in cryptocurrency innovation. Commissioner Hester Peirce, known in the industry as “Crypto Mom,” now leads the agency’s newly formed crypto task force. Peirce has been outspoken about the need for change, describing the SEC’s previous regulatory approach as “marked by legal imprecision and commercial impracticality.” In a Tuesday statement, Peirce compared the agency’s past treatment of digital assets to “a car careening down the road.” She emphasized the need for a more balanced regulatory framework that…

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Filed under: News - @ February 5, 2025 12:20 pm