The SEC is created as a bulletin for the crypto industry

The Securities and Exchange Commission (SEC) has developed into the great Redeemer of the crypto industry in the past few weeks – a shift that was unimaginable a few years ago Gary Gensler's leadership.

Today, Trumps Sec dismissed His case with the craken exchange of crypto, that was accused The combination of the roles of an exchange, broker, dealer and clearing agency, without registering securities. This decision is part of a broader trend of the case Discharge with coinbase, Robinhood, And other crypto companies that were previously accused of having sold not registered securities signaled a significant shift in the cryptocurrency regulation.

Last week the Financial Watchdog informed his opinion of Memecoins like Doonecoin and Shiba Inu and said they were not securities According to the US Federal Act. The Financial Watchdog explained that memoins have only limited or no functionality and are “more collections similar”.

The subsequent approach of the SEC was expected in the Trump 2.0 era, which signaled a regulatory shift, which could have far-reaching consequences for the crypto industry. In the long term, this attitude can promote innovation and market expansion, but also has concerns about the protection and financial stability of investors.

Deregulation under Trump

During his election campaign, President Trump emphasized the need for deregulation to relieve the regulatory stress for companies. It was expected that this strategy has a significant impact on various industries, especially the cryptocurrency sector.

Jeff LeManaging Directors at 100 Mile Strategies, a navigation of the public sector and an up -and -coming tech advice, said Quartz by e -Mail that the “Personnel Directive” is, and the Trump administration has confirmed its campaign promise to the crypto industry with a largely deregulatory approach.

“This extends beyond the CFTC and the Ministry of Finance,” he added, and found that President Trump, David Sacks, crypto as an innovation driver and as an economic acceleration.

“The measures agree with the president's executive ordinance in which guidelines and recommendations for a regulatory framework for crypto – a sharp departure from the more enemy and more disputed approach of the Biden government,” said Le.

Better cryptor regulation

Cryptocurrency is decentralized, ie it works without control from a central authority, such as a government or a bank. So who regulates crypto? And is crypto a asset like stocks, goods like gold or a currency like the dollar? These are questions without clear answers – but the US legal system is determined to find out. Under the leadership of Hester Peirce, the SEC is working on determining a more robust regulatory framework for the crypto industry.

LE is optimistic that the Non -partisan support for the crypto industry In both chambers of the congress, especially among the most important committees of responsibility, there is a valuable opportunity to create a regulatory framework that benefits the industry and the introduction to new rules and legal obligations on the cryptocurrency.

Be concerned about

There is hope for a better environment for the crypto industry, but especially with fears from corruption and hacks exist The FTX collapses And the youngest violations are still fresh in people's minds. The Severe decline in the Bitcoin value in the last week Most of the Hack of Bybit, a crypto exchange in Dubai, and the Memecoin scandal in which Argentina's president is involved.

Read more: The climb and fall of Sam Bankman fried, from cryptocurrency to prisons' prison sentence

Le believes that the Trump 2.0 government is evading the persistent enforcement and instead focuses on a more collaborative approach. This could lead to clearer guidelines that benefit both the legislators and in the industry and ultimately improve consumer protection.

In addition, the congress has expressed concerns about cyber security in the crypto room with expectations of more hearing from the financial services committees. “A way for stronger cyber standards and requirements is very possible in this congress,” added Le.