The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration.
The regulator, which now has a crypto-friendly chairman in Paul Atkins, a crypto task force led by longtime industry advocate Hester Peirce, and an understanding with the CFTC to work together on industry regulation, is moving away from what Pierce and others have called “regulation by enforcement” to less hostile engagements with crypto.
Thus far, those words have rung true with the SEC recently backing away from nearly all of its fights with prominent crypto firms and founders. Here are the SEC's biggest pivots, reversals, and exits so far under Trump.
