SEC Reduces Crypto Enforcement Unit Under Trump Administration
- The SEC’s Crypto Assets and Cyber Unit is being downsized from over 50 staff members.
- Lawyers are being reassigned, with at least one senior lawyer leaving the enforcement division.
- The restructuring aligns with efforts to reduce regulatory oversight in the crypto industry.
- A new policy requires SEC staff to obtain commissioner approval before starting formal investigations.
- An executive order aims to create a regulatory framework for digital assets, including stablecoins.
The SEC is reducing its crypto enforcement unit size as part of a broader effort under the Trump administration to decrease regulatory oversight and promote growth in the crypto industry. The unit’s staff will be reassigned, and new policies require commissioner approval for investigations.
Source (2.6)https://cryptobriefing.com/sec-crypto-enforcement-downsizing/?rand=59535
