Since Donald Trump took office, there have been significant personnel changes at various US financial regulatory agencies, and they have gradually formulated favorable policies related to the industry. The US Securities and Exchange Commission (SEC), which has actively enforced the law against operators in the past, has begun to hold intensive meetings and discussions on regulatory policies with many operators under the participation of Acting Chairman Mark Uyeda and the so-called "Crypto Mom" SEC Commissioner Hester Peirce. Not only is it likely to withdraw the enforcement action against , it has also withdrawn the investigation against on 2/24. This has led to speculation that a crypto-friendly new era may be coming.
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ToggleSEC New Team Holds Intensive Meetings, Industry Calls for Reassessment of Regulatory Policies
According to an official document from the SEC on 2/24, the Currency Special Task Force led by "Crypto Mom" Hester Peirce has held meetings with multiple operators and industry leaders in the past week to discuss issues related to the regulation of assets.
The following entities are known to have participated in the meetings:
- Crypto Council for Innovation, an industry advocacy organization.
- Zero Hash, an infrastructure provider.
- Operations, a venture capital firm.
- Michael Saylor, Chairman of MicroStrategy.
The above industry representatives have all submitted documents to the SEC and suggested reassessing the position that many currencies are considered "securities".
Coinbase May Be Exempted, SEC Has Withdrawn Investigation of Robinhood
During the tenure of former Chairman Gary Gensler, the SEC has taken enforcement actions against operators, including investigations into the US online broker , platform , and .
According to a report by on 2/24, the SEC has also withdrawn the lawsuits against and . At the same time, according to the latest news from , the SEC has also withdrawn the investigation into .
Regarding this, 's General Counsel Dan Gallagher stated: "This investigation should never have happened, has always complied with federal securities laws and never allowed securities trading."
In addition to the above companies, the SEC has also held similar discussions with entities such as the Association, , and recently. Although there is no definitive regulatory direction yet, the industry generally believes that the new government may adjust its policies and relax the regulatory intensity on the industry.
How Will the New Regulatory Policies Be Implemented, Crypto Mom Launches Regulatory Sandbox
Currently, the SEC is still led by Acting Chairman Mark Uyeda, and the official chairman has not yet been determined. It is rumored that the Trump administration intends to appoint former SEC Commissioner Paul Atkins, but the Senate Banking Committee has not yet scheduled a confirmation hearing. Since most of Trump's other cabinet nominations have been confirmed along party lines, such as Treasury Secretary Scott Bessent, the market expects that the formal leadership of the SEC may take some time to be finalized.
On 2/21, Hester Peirce released a statement titled "There Must Be Some Way Out of Here", calling on the public to provide opinions on whether the SEC should establish a Regulatory Sandbox to allow projects to operate legally under certain conditions, in order to solve the problem of regulatory attribution.
Trump Administration Changes Attitude, Focuses on Removing Regulatory Barriers
During his campaign, Trump promised to remove regulatory barriers that hinder industry development, and he also issued his own meme coin () just a few days before taking office, showing his high interest in the market. The outside world speculates that the policies of this administration will be more inclined to support the development of the industry, rather than strict enforcement.
Furthermore, on 2/19, the SEC withdrew the appeal to apply the "broker-dealer rule" to certain operators, a case that was originally pushed by former SEC Chairman Gary Gensler. Now, under the new administration's leadership, this indicates that the regulatory direction may be adjusted.
Risk Warning
currency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.
