SEC Commissioners Push for Clearer Crypto Rules Ahead of Trump Administration
Hester Peirce and Mark Uyeda, Republican members of the Securities and Exchange Commission (SEC), are reportedly evaluating ongoing enforcement actions against cryptocurrency firms.
They are exploring steps to establish clearer guidelines on when cryptocurrencies are classified as securities, anticipating changes under the incoming Trump administration.
According to sources cited by Reuters , Peirce and Uyeda may begin this regulatory process even before Donald Trump’s SEC chair nominee, Paul Atkins, is officially confirmed. Both commissioners have prior experience working under Atkins, which is expected to facilitate a smooth collaboration as they discuss potential shifts in crypto policy.
Additionally, there are reports that the SEC might pause certain litigation cases, particularly those unrelated to fraud allegations. This potential freeze has garnered attention from industry figures, including crypto entrepreneur Justin Sun, who posted a cryptic “👀” on X, seemingly reacting to the news.
READ MORE:
XRP’s Surge Fuels Speculation of Overtaking EthereumSun, currently embroiled in an SEC lawsuit, recently acquired a significant stake in Trump-endorsed crypto project World Liberty Financial, where he was subsequently named an advisor. As part of his new role, Sun plans to attend events related to Liberland, the self-proclaimed microstate where he serves as prime minister, during Trump’s inauguration week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Reserves hit 6-Year Low: Implications for ETH’s Bullish Surge
Unraveling the Impact of Plummeting Ethereum Reserves on XRP Gains and Bitcoin's Uncertainty
Can Ethereum Overcome Crucial Resistance Amidst Its Price Surge?
Evaluating Ethereum's Chances as MVRV Ratio Dips: Will Key Support Between $2,230 and $2,610 Hold Strong?
BREAKING: Late Approval from SEC – They Approved Bitcoin-Ethereum Spot ETF
Overview of jellyjelly: Rapidly reaching a market value of 180 million, an emerging SocialFi application focused on video chat sharing
The core function of JellyJelly is to capture the highlights of video chats and quickly transform them into shareable content.