Over the past four years, the SEC has initiated numerous lawsuits concerning cryptocurrency, exceeding a hundred cases that have intermittently shaken the market. The agency’s ongoing battle with cryptocurrency exchanges has also had significant implications. However, with Trump’s impending return, recent reports from Reuters are generating considerable excitement.
Latest Updates on SEC and Cryptocurrencies
Last year, Trump made promising remarks about cryptocurrencies and launched a DeFi project. Following his election victory, he will soon assume the presidency. Notably, he has nominated crypto-friendly individuals for key cabinet positions and the SEC. With Republicans holding majorities in both the Senate and the House of Representatives, Reuters reports that:
“Trump’s new SEC management team has begun reviewing crypto lawsuits, considering freezing cases except for fraud.”
This development isn’t surprising, as a president who dined with the CEO of Ripple 
$1 and received public support from executives at Coinbase would likely have influential recommendations. If these changes materialize and non-fraud-related crypto lawsuits are dismissed, we could witness a significant reduction in the number of ongoing cases involving major players like Coinbase and Ripple. Although cases targeting scammers like Do Kwon will continue, such matters have little impact on market prices and warrant legal consequences.
What changes can we anticipate in the cryptocurrency directives expected to be released by Trump on Monday? Next week is poised to be particularly thrilling, with BTC currently at $99,600.
