The US Securities and Exchange Commission (SEC) has been dropping more cryptocurrency-related cases than other types of securities cases under President Donald Trump’s administration.
According to a report by The New York Times on December 14, since President Trump took office in January, about 60% of the SEC’s investigations or actions involving crypto companies have reportedly been halted, closed, or dismissed.
The report highlights several examples, such as the agency’s cases against Ripple Labs and Binance
$8.01B
. It noted that the SEC is “no longer actively pursuing a single case against a firm with known Trump ties”.
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The SEC told The New York Times that these changes were not influenced by politics. According to the agency, the decisions were based on legal and policy considerations.
The newspaper also said it found no evidence that President Trump personally pushed the commission to drop any cases.
Responding to the report, Alex Thorn, head of research at Galaxy Digital, said in a post on X that the suggestion that the recent policy changes are driven by the president’s personal interests is misleading.
He argued that the previous regulatory stance toward crypto was extreme and that the current approach reflects a more reasonable direction.
Recently, President Trump said he plans to review the case of Keonne Rodriguez, one of the founders of Samourai Wallet, after his recent conviction. What did he say? Read the full story.
