SEC Reduces Crypto Enforcement, Reassigns 50 Staff Members
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The SEC is scaling back its crypto enforcement unit, reassigning 50 lawyers and staff following President Trump’s executive order to ease digital asset regulations. Analyst Eric Balchunas noted the shift, which could affect high-profile cases like the Ripple lawsuit. Acting SEC Chairman Mark Uyeda formed a task force led by Hester Peirce to review digital asset strategies and re-evaluate classifications. Meanwhile, White House Crypto Czar David Sacks announced plans for a national Bitcoin reserve, with 15 states considering Bitcoin adoption and a new stablecoin bill set for Congress.
