SEC Drops Nearly 60% of Crypto Cases Since Trump Took Office, Report Says
According to a New York Times report, the U.S. Securities and Exchange Commission (SEC) has dropped or paused nearly 60% of crypto-related enforcement actions since Donald Trump took office. Notable enforcement pullbacks include cases against Ripple Labs and Binance. The report highlights that the SEC is no longer actively pursuing a case against a firm with known Trump ties. The agency maintains that these decisions are legal and policy-driven rather than politically motivated, with no evidence of direct pressure from Trump.
This enforcement slowdown is part of a broader reassessment of the SEC’s approach to cryptocurrency regulation. While traditional-market enforcement remains active, crypto-related cases have seen disproportionate withdrawals, pauses, or dismissals since January 2024. Leadership changes at the SEC are expected as the final Democratic commissioner, Caroline Crenshaw, whose term expired in 2024, is anticipated to leave in January, with Paul Atkins likely to continue as chair. Crenshaw warned that easing oversight could increase contagion risk and undermine investor protection.
Projects associated with Trump in 2025 include World Liberty Financial and several Trump-branded crypto initiatives, such as the Official Trump memecoin and an American Bitcoin mining venture.
