SEC crypto unit downsized amid Trump’s regulatory pullback: report

The cryptographic unit of the Sec, which has developed under its old chair, is now reduced.

The United States Commission of securities It would be over its unit of application of the crypto, as the Trump administration should facilitate the reduction of regulations. According to a New York Times reportWho quotes nearby sources, some team members are reassigned. A high -level lawyer has been moved from the application division, which some consider as a demotion.

This decision is part of a broader change under the president Donald Trump. One of his first decrees called To “eliminate regulatory exceeding” on the crypto in order to “guarantee the position of America as a world leader in the economy of digital assets”.

The president of the acting sec Mark Uyeda, a republican, has already trained A working group to examine the cryptography rules. He also appointed the SEC commissioner, Hester Peirce, a supporting supporter of cryptography, to direct him. However, some consider the latest changes as a movement to remove “speed limits and railings” that have shaped the dryer approach to crypto.

Corey Frayer, former senior advisor to peopleler, criticized the changes, saying: “What the new dry management proposes to do for the crypto is to remove the speed limits and the railings that have rendered our capital markets the strongest in the world. “

In the meantime, Trump appointed Paul Atkins, a long -standing defender of lighter regulations, to lead the dry. Its confirmation audience is still pending.

During his campaign, Trump promised to end radical cryptography repression, and reports suggest that the dry could reject certain disputes related to digital assets that do not imply financial fraud.

Like crypto.News reported Earlier, the “dry 2.0” seems to trace a course suggested for a long time by the cryptographic industry, focused on the clarification of regulatory monitoring and the establishment of guidelines for cryptocurrencies and digital assets.