{"id":8011,"date":"2025-01-16T12:02:00","date_gmt":"2025-01-16T12:02:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8011"},"modified":"2025-01-16T12:02:00","modified_gmt":"2025-01-16T12:02:00","slug":"trumps-sec-will-re-examine-83-crypto-cases-can-dismiss-actions-without-fraud-allegations","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8011","title":{"rendered":"Trump\u2019s SEC Will Re-Examine 83 Crypto Cases, Can Dismiss Actions Without Fraud Allegations"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The US Securities and Exchange Commission (SEC), under its new leadership, is expected to reassess its stance on cryptocurrency-related cases.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIn the first few days of the new administration, the SEC is expected to begin a review of those court cases and potentially freeze some litigation that does not involve allegations of fraud,\u201d <a href=\"https:\/\/www.ft.com\/content\/4146fbca-2930-41ef-965d-9cc8ea1d9aaf\" target=\"_blank\" rel=\"nofollow\">a 16 January 2025 Reuters report confirmed.<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400\">Is this a turning point for US crypto regulation?<\/span><\/p>\n<p><strong>Explore:\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/robinhood-settles-with-sec-for-45m-over-securities-law-violations\/\" rel=\"bookmark\">Robinhood Settles With SEC For $45M Over Securities Law Violations<\/a><\/strong><\/p>\n<h2><strong>Some Cases Against Crypto Companies Could Be Withdrawn<\/strong><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Gary Gensler Saga: A Crypto Story<\/p>\n<p>From MIT blockchain professor calling BTC &amp; ETH &#8220;not securities&#8221; to SEC&#8217;s most aggressive chair: what a plot twist!<\/p>\n<p>\u2014 2018: &#8220;75% of crypto is outside SEC jurisdiction&#8221; <\/p>\n<p>\u2014 2024: Sues literally everyone<\/p>\n<p>But in 5 days, a new chapter begins.\u2026 <a href=\"https:\/\/t.co\/cIZJXAd3ft\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/cIZJXAd3ft<\/a><\/p>\n<p>\u2014 SONAR (@SonarPING_) <a href=\"https:\/\/twitter.com\/SonarPING_\/status\/1879838166594539528?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Under the tenure of outgoing SEC Chair Gary Gensler, the agency pursued an aggressive enforcement strategy against cryptocurrency firms. However, the incoming Trump administration has signaled a potential departure from this hardline approach. <\/span><\/p>\n<p><span style=\"font-weight: 400\">83 enforcement actions were initiated, targeting major players like Coinbase, Binance, and Ripple Labs. These cases often revolved around allegations of securities law violations, such as selling unregistered tokens or failing to register platforms as exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ripple, for instance, was accused of using its XRP token as an unregistered security to raise funds. While some companies opted to settle, others, including Ripple and Coinbase, chose to challenge the agency\u2019s claims in court.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Reports suggest that Commissioners Hester Peirce and Mark Uyeda are exploring rule changes to provide greater clarity on when cryptocurrencies qualify as securities.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trump\u2019s SEC is considering revisions to accounting regulations that currently limit companies\u2019 ability to hold cryptocurrencies on behalf of clients. These changes could pave the way for public consultations on crypto-specific rules, addressing longstanding concerns about regulatory uncertainty in the industry.<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/coinbase-secures-partial-win-as-judge-approves-appeal-in-sec-lawsuit\/\" rel=\"bookmark\">Coinbase Secures Partial Win As Judge Approves Appeal In SEC Lawsuit<\/a><\/strong><\/p>\n<h2 id=\"sec-faces-leadership-change\"><span data-preserver-spaces=\"true\">SEC Faces Leadership Change<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The SEC faces leadership changes as Gensler announced plans to step down on 20 January 2025. Commissioner Jaime Liz\u00e1rraga is also set to leave before Trump\u2019s inauguration.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Trump has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/donald-trump-picks-crypto-ally-paul-atkins-as-next-sec-chair\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">selected Paul Atkins<\/span><\/a><span data-preserver-spaces=\"true\">, a crypto advocate and former commissioner, <\/span><span data-preserver-spaces=\"true\">as his\u00a0choice<\/span><span data-preserver-spaces=\"true\">\u00a0to lead the SEC.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He\u00a0<\/span><span data-preserver-spaces=\"true\">has also<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/trump-appoints-former-paypal-chief-as-ai-and-crypto-policy-advisor\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">appointed\u00a0David Sachs<\/span><\/a><span data-preserver-spaces=\"true\">, a podcaster,\u00a0as the \u201cCrypto Czar\u201d in his cabinet. He\u00a0also\u00a0pledged to make America the \u201ccrypto capital of the world\u201d through initiatives like World Liberty\u2019s lending and borrowing platform.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As reported, the SEC\u00a0<\/span><span data-preserver-spaces=\"true\">has<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">taken<\/span><span data-preserver-spaces=\"true\">\u00a0a\u00a0tougher\u00a0stance against crypto firms in 2024.<\/span><span data-preserver-spaces=\"true\">\u00a0More specifically, the regulator\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/sec-hit-crypto-firms-with-4-7-billion-in-enforcement-actions-in-2024-over-3000-surge-from-2023\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">imposed nearly $4.7 billion<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0in enforcement actions against crypto companies, a 3,018% increase from 2023.<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/donald-trump-picks-crypto-ally-paul-atkins-as-next-sec-chair\/\" rel=\"bookmark\">Donald Trump Picks Crypto Ally Paul Atkins As Next SEC Chair<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/trumps-sec-will-re-examine-83-crypto-cases-can-dismiss-actions-without-fraud-allegations\/\">Trump\u2019s SEC Will Re-Examine 83 Crypto Cases, Can Dismiss Actions Without Fraud Allegations<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission (SEC), under its new leadership, is expected to reassess its stance on cryptocurrency-related cases.\u00a0 \u201cIn the first few days of the new administration, the SEC is expected to begin a review of those court cases and potentially freeze some litigation that does not involve allegations of fraud,\u201d a 16 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8011","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8011"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8011\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}