Crypto Policy/Finance
Current Status of SEC Cases in Crypto
An overview of the SEC's recent case closures and ongoing investigations in the cryptocurrency sector.
1 min read
Current Status of SEC Cases in Crypto
The U.S. Securities and Exchange Commission (SEC) has made significant changes to its enforcement actions in the last two months, particularly under the leadership of Acting Chair Mark Uyeda. Since the beginning of President Donald Trump’s new term, the agency has dropped or paused over a dozen crypto-related cases.
Key Developments:
- Ripple: Reached an agreement with the SEC to recover $75 million of a previously assessed fine while dropping the SEC’s ongoing appeal.
- Coinbase: The regulator’s case against Coinbase has been dismissed, preventing the SEC from pursuing identical charges in the future.
- ConsenSys and Kraken: The SEC announced it would drop its cases against these companies, supporting the trend of reduced enforcement actions.
- Ongoing Investigations: Currently, Unicoin is the only publicly disclosed case that remains open, although its CEO has requested for it to be closed as well.
SEC Cases Overview
Emerging Stories:
- World Liberty Financial: Confirmed plans for a stablecoin with BitGo, backed by Trump.
- Crypto.com’s Investigation: The SEC closed its investigation into Crypto.com without taking enforcement action.
The SEC’s evolving stance raises questions about future regulations in the crypto space and the implications for digital asset investors.
