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The SEC Plans to Move Fast on Crypto Policy Overhaul Upon Trump’s Inauguration Beincrypto 2 weeks ago

The SEC Plans to Move Fast on Crypto Policy Overhaul Upon Trump’s Inauguration ⚖️

SEC Hester Peirce Trump Bitcoin Ripple

The SEC, under the incoming Trump administration, is poised for an immediate overhaul of its cryptocurrency policy, focusing on reassessing which cryptoassets are considered securities while reducing enforcement actions.

Commissioners Hester Peirce and Mark Uyeda are expected to work with new Chair Paul Atkins to promote a pro-crypto stance and clarify regulations.

Senator Tim Scott criticized the previous administration's lack of clarity and advocated for a consumer-friendly regulatory framework.

The future SEC may relax current crypto crackdown measures, potentially halting actions against Ripple.

Overall, Congress and Trump's administration are expected to facilitate sweeping crypto policy reforms.

Source: beincrypto.com ↗

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