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The U.S. Securities and Exchange Commission (SEC) is dialing down its aggressive stance on crypto enforcement, reassigning over 50 lawyers from its crypto unit, according to a report in The New York Times.
What's the Scoop?
- SEC Reduces Crypto Focus: The SEC is reassigning over 50 crypto enforcement lawyers, softening its approach to digital assets.
- Political Shift in Play: The reduction in staff is believed to be heavily attributed to Trump's pledge to limit government interference and to have the US become a crypto powerhouse
- Reallocation of Resources: Multiple members of the crypto unit were moved to different departments within the SEC. While it might seem the lawyers are just being shifted around, one senior law from who was reassigned from the crypto unit felt it was a "unfair demotion"
Bankless Take:
The SEC’s retreat marks a major turning point for crypto regulation in the U.S. After years of aggressive enforcement, political pressure, and industry pushback seem to be forcing a shift toward clearer, more supportive policies. If lawsuits are settled and enforcement cools, this could unlock greater institutional confidence and mainstream adoption.
