SEC’s Shift on Cryptocurrency Cases

The US Securities and Exchange Commission (SEC), under the Trump administration, has adopted a more moderate stance, retracting many major cryptocurrency lawsuits initiated by former Chairman Gary Gensler.

The new SEC administration is rolling back cases against crypto companies, including dropping lawsuits against Robinhood, Coinbase, and ConsenSys. It has also suspended lawsuits against Binance and Tron (TRX) and dropped its case against Kraken.

However, not all firms are safe; ongoing cases from Gensler’s tenure include Ripple, Cumberland, DRW, and Pulsechain, with investigations into Unicoin, Crypto.com, and Immutable still pending.

The industry anxiously awaits a resolution in the Ripple case, particularly after former White House Communications Director Anthony Scaramucci suggested the SEC had dropped the lawsuit against Ripple in a podcast, despite no official confirmation from the SEC. The SEC-Ripple case continues in the Court of Appeals.

This is not investment advice.