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SEC Drops 60% of Crypto Cases Under Trump Administration

Key Takeaways

  • ​The SEC has dropped or paused about 60% of its crypto-related cases since Trump took office, according to The New York Times;
  • High-profile cases like Ripple Labs and Binance are among those the agency is no longer actively pursuing;
  • The SEC says the decisions were based on legal and policy grounds, not politics, and no evidence links Trump to the dismissals.

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SEC Drops 60% of Crypto Cases Under Trump Administration

The US Securities and Exchange Commission (SEC) has been dropping more cryptocurrency-related cases than other types of securities cases under President Donald Trump’s administration.

According to a report by The New York Times on December 14, since President Trump took office in January, about 60% of the SEC’s investigations or actions involving crypto companies have reportedly been halted, closed, or dismissed.

The report highlights several examples, such as the agency’s cases against Ripple Labs and Binance $6.26B . It noted that the SEC is "no longer actively pursuing a single case against a firm with known Trump ties".

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The SEC told The New York Times that these changes were not influenced by politics. According to the agency, the decisions were based on legal and policy considerations.

The newspaper also said it found no evidence that President Trump personally pushed the commission to drop any cases.

Responding to the report, Alex Thorn, head of research at Galaxy Digital, said in a post on X that the suggestion that the recent policy changes are driven by the president’s personal interests is misleading.

He argued that the previous regulatory stance toward crypto was extreme and that the current approach reflects a more reasonable direction.

Recently, President Trump said he plans to review the case of Keonne Rodriguez, one of the founders of Samourai Wallet, after his recent conviction. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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