Close Menu
Global News HQ
    What's Hot

    The RHOA Cast Shares an Unexpected Confession to Andy Cohen in Unseen Reunion Moment (EXCLUSIVE) | Bravo

    July 28, 2025

    10 Petite-Friendly Work Pants You’ll Actually Want to Wear to the Office—Starting at $20

    July 28, 2025

    Bad News Keeps Rolling in for Tesla | The Motley Fool

    July 28, 2025
    Recent Posts
    • The RHOA Cast Shares an Unexpected Confession to Andy Cohen in Unseen Reunion Moment (EXCLUSIVE) | Bravo
    • 10 Petite-Friendly Work Pants You’ll Actually Want to Wear to the Office—Starting at $20
    • Bad News Keeps Rolling in for Tesla | The Motley Fool
    • This Amarone Was Aged for 12 Years—It Was Worth the Wait
    • Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • The RHOA Cast Shares an Unexpected Confession to Andy Cohen in Unseen Reunion Moment (EXCLUSIVE) | Bravo
    • 10 Petite-Friendly Work Pants You’ll Actually Want to Wear to the Office—Starting at $20
    • Bad News Keeps Rolling in for Tesla | The Motley Fool
    • This Amarone Was Aged for 12 Years—It Was Worth the Wait
    • Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control
    • US and EU Clinch Deal with 15% US Tariff on Most EU Exports to Avert Trade War
    • I Was Born Without Arms, but That Didn’t Stop Me From Becoming the World’s First Licensed Armless Pilot
    • Client Challenge
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - SEC downsizes its crypto enforcement unit under Trump administration
    Cryptocurrency & Blockchain

    SEC downsizes its crypto enforcement unit under Trump administration

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    SEC downsizes its crypto enforcement unit under Trump administration
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key Takeaways

    • The SEC is reducing the size of its crypto enforcement unit under the Trump administration.
    • The restructuring is part of efforts to promote crypto growth and reduce regulatory oversight.

    Share this article







    The US SEC is reducing the size of its Crypto Assets and Cyber Unit, which had grown to over 50 lawyers and staff under former Chair Gary Gensler’s leadership, according to a new report from the New York Times, citing sources familiar with the change.

    Lawyers from the SEC’s dedicated crypto unit are being reassigned to other departments, with at least one senior lawyer moving out of the enforcement division entirely. The unit, previously known as the Cyber Unit, was strengthened in May 2022 when the SEC added 20 positions.

    Reforms are underway at the US’ top financial agency. According to a recent report from Reuters, the SEC has implemented a new policy requiring its enforcement staff to secure approval from commissioners before initiating formal investigations, including issuing subpoenas and compelling testimony.

    This shift is a departure from the previous policy where staff could start investigations independently. The change aims to ensure more measured and evidence-backed investigations but raises concerns about potential delays in addressing fraud.

    The restructuring comes as part of the Trump administration’s ongoing effort to reduce regulatory oversight of the crypto industry.

    President Trump recently signed an executive order aimed at establishing a regulatory framework that fosters innovation and economic growth related to digital assets, including the development of dollar-backed stablecoins and the prohibition of Central Bank Digital Currencies (CBDCs).

    The order also targets the creation of a working group to evaluate the potential establishment of a national digital asset reserve and to propose new regulations for the sector.

    Mark Uyeda, the SEC’s acting chair, has established a task force to review the agency’s digital asset regulations, appointing Commissioner Hester Peirce to lead the initiative. Peirce has criticized the SEC’s previous approach, describing it as “legal imprecision and commercial impracticality.”

    The crypto task force focuses on clarifying digital assets’ security status, easing certain token offerings, and simplifying crypto-related product registrations. Its goal is to tackle regulatory issues in crypto-lending, staking, and custodial services, while enhancing international regulatory collaboration.

    The downsizing affects a unit responsible for protecting investors in crypto markets, safeguarding securities markets from cyber threats, and enforcing securities law violations in crypto markets. The changes raise questions about pending cases, including the SEC’s lawsuit against Coinbase for allegedly operating as an unregistered securities exchange.

    The move has drawn mixed reactions. Corey Frayer, former senior advisor to Gensler on crypto issues, criticized the decision, arguing that it removes necessary “speed limits and guardrails” from the market.

    Conversely, crypto industry proponents see it as a welcome step towards a more balanced regulatory environment.

    Share this article









    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticlePresident Trump’s Crypto Czar Hosts U.S.’s First Press Conference On Bitcoin And Digital Assets
    Next Article Unique Things to Do in Aurora, CO: 10 Activities the Locals Love

    Related Posts

    Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control

    July 28, 2025

    Year of the stablecoin: The GENIUS Act, Wall Street, and the dollar’s digital leap

    July 27, 2025

    Divine Research issues unbacked crypto loans using Sam Altman’s World ID

    July 27, 2025

    US Feds File Suit to Forfeit $7.1M in Crypto With Ties to Oil and Gas Storage Fraud

    July 27, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Real Estate
    5 Mins Read

    The RHOA Cast Shares an Unexpected Confession to Andy Cohen in Unseen Reunion Moment (EXCLUSIVE) | Bravo

    That’s a wrap on Season 16 of The Real Housewives of Atlanta. After a rollercoaster…

    10 Petite-Friendly Work Pants You’ll Actually Want to Wear to the Office—Starting at $20

    July 28, 2025

    Bad News Keeps Rolling in for Tesla | The Motley Fool

    July 28, 2025

    This Amarone Was Aged for 12 Years—It Was Worth the Wait

    July 28, 2025
    Top
    Real Estate
    5 Mins Read

    The RHOA Cast Shares an Unexpected Confession to Andy Cohen in Unseen Reunion Moment (EXCLUSIVE) | Bravo

    That’s a wrap on Season 16 of The Real Housewives of Atlanta. After a rollercoaster…

    10 Petite-Friendly Work Pants You’ll Actually Want to Wear to the Office—Starting at $20

    July 28, 2025

    Bad News Keeps Rolling in for Tesla | The Motley Fool

    July 28, 2025
    Our Picks
    Real Estate
    5 Mins Read

    The RHOA Cast Shares an Unexpected Confession to Andy Cohen in Unseen Reunion Moment (EXCLUSIVE) | Bravo

    That’s a wrap on Season 16 of The Real Housewives of Atlanta. After a rollercoaster…

    Home Improvement & Remodeling
    4 Mins Read

    10 Petite-Friendly Work Pants You’ll Actually Want to Wear to the Office—Starting at $20

    I spent many years with my too-long pants dipping into puddles and trying every DIY…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version