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The Trump administration has initiated efforts to end the legal battles surrounding cryptocurrencies. Upon taking office, Trump updated the SEC leadership with crypto-friendly figures, signaling his commitment to address the issue. The SEC has also established a cryptocurrency task force to facilitate this mission.
The End of Crypto Cases
The new SEC leadership has formed a cryptocurrency task force and appointed pro-crypto commissioner Hester as its head. While Paul’s permanent appointment as SEC chair has yet to be confirmed, interim Chair Mark Uyeda is recognized for his crypto-friendly stance.
Reports suggest that prior to Trump’s administration, the SEC aimed to resolve non-fraud-related cryptocurrency cases swiftly. This raises hopes for quick resolutions in notable cases involving Binance, Ripple 
$2, Coinbase, and others, alleviating the pressure on the crypto sector.
The Binance Case
Recent news has further increased optimism regarding the resolution of non-fraudulent crypto cases by the SEC. The agency has requested a 60-day pause in the Binance case to facilitate a resolution, aiming to save resources and potentially expedite the case’s conclusion.
Initiated in 2023, the case involves accusations against Binance, CZ, and BAM Management. The newly formed crypto task force is highlighted as potentially aiding in the resolution of this case. The team established by interim SEC Chair Mark T. aims to reverse the previous administration’s oppressive stance.
A Binance spokesperson expressed gratitude for the thoughtful approach of interim Chair Uyeda in ensuring digital assets receive appropriate legislative and regulatory focus during this new era for blockchain.
With Gensler’s resignation, the reduction of pressure on the crypto industry sets the stage for potential long-term growth, while the immediate effects of Trump’s global tariffs are already visible in market charts.
