SEC Shifts Focus, Eases Crypto Regulations Under New Leadership
The SEC is rethinking its previous regulatory approach towards cryptocurrency firms, signaling a more lenient stance under new leadership.
Acting SEC chief Mark Uyeda revealed that the agency is reconsidering plans to broaden the definition of alternative trading systems to include some crypto businesses. This change represents a departure from the SEC’s historically tougher stance on crypto.
Uyeda explained that the SEC’s previous attempt to link crypto regulations to the Treasury market was flawed and needed revision. He also stated that the SEC would work more closely with the Treasury Department, Federal Reserve, and market participants to review the proposed regulatory changes.
READ MORE: DeFi Value Plummets as Ethereum Continues to Struggle
This shift comes after the SEC’s new approach under President Trump’s administration, which has seen numerous legal actions against crypto firms, including Coinbase and Kraken, being paused or dismissed. Many now expect this trend of more favorable regulation for the crypto industry to continue.
Ripple, which has been in a long-running legal dispute with the SEC, could be the next company to benefit from this shift, potentially resulting in a major boost for XRP and the broader market.
The growing optimism in the sector is also bolstered by discussions of a U.S. Bitcoin reserve and a federal crypto stockpile, which could further support the industry’s growth.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
