The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. 

The regulator, which now has a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and others have called “regulation by enforcement” to less hostile engagements with crypto. 

Thus far, those words have rung true with the SEC recently backing away from fights with multiple top crypto companies. Here are the SEC’s biggest pivots, reversals, and exits so far under Trump.

Binance

The SEC submitted a filing on May 29 to dismiss its ongoing case against Binance, which alleged that the crypto exchange, founder and former CEO Changpeng “CZ” Zhao, and Binance.US offered the unregistered sale of securities and more.

The parties sought a joint stay, or a 60-day pause, in February to seek a resolution to the case, largely thanks to the SEC’s newly Go to Source to See Full Article
Author: Logan Hitchcock

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