#cryptonews
The US Securities and Exchange Commission has sharply scaled back its enforcement actions against the cryptocurrency industry since President Donald Trump returned to office.
The agency has dismissed or paused close to 60% of crypto-related cases, according to a report published Sunday by The New York Times. While enforcement activity continues across traditional markets, cases involving crypto firms have been disproportionately affected by withdrawals, pauses, or outright dismissals since January, the report said.
The Times also noted that the regulator is “no longer actively pursuing a single case against a firm with known Trump ties,” a detail that has intensified scrutiny of the agency’s motives. The SEC pushed back on suggestions of political favoritism, telling the newspaper that its decisions were driven by legal and policy considerations rather than politics.
Among the most prominent cases cited were the SEC’s long-running lawsuits against Ripple Labs and Binance, both of which have seen significant pullbacks.
Thorn said framing the pivot as politically motivated ignores “four years of direct attacks by the actual partisans.” In 2025, projects associated with the president or his family expanded significantly, ranging from World Liberty Financial to Trump-branded crypto initiatives, including the Official Trump memecoin and American Bitcoin, a mining venture backed by the president’s sons.
Alex Thorn, head of firmwide research at Galaxy Digital, said claims that the shift is linked to Trump’s personal interests overlook what he described as years of aggressive and inconsistent regulation.
