TechFlow news, December 15 — According to The New York Times, the U.S. Securities and Exchange Commission (SEC) has significantly softened its enforcement stance toward the cryptocurrency industry following Donald Trump's return to the White House.
The report indicates that the SEC has dropped seven cryptocurrency cases and either frozen or offered favorable settlement terms in another seven. Notably, litigation against cryptocurrency exchange Binance was fully dismissed, federal lawsuits against Gemini, the crypto firm operated by the Winklevoss twins, were put on hold, and in the long-running legal battle with Ripple Labs, the SEC attempted to reduce court-ordered penalties.
Data comparison shows that during the Biden administration, the SEC initiated 105 cryptocurrency cases, compared to 50 during Trump’s first term and zero so far in his second term. Among the dismissed or frozen cases, eight companies have known ties to Trump or his family business, including political donations and commercial relationships.
