SEC Cuts Crypto Enforcement, Pauses 60 Cases Since 2025

The U.S. Securities and Exchange Commission has significantly reduced its enforcement actions against the cryptocurrency industry since President Donald Trump returned to office in January 2025, dismissing or pausing nearly 60 ongoing cases inherited from previous administrations. This shift marks a stark departure from prior regulatory intensity, with no new cryptocurrency-related enforcement actions initiated under the current term.

The pullback has affected a range of cases, including high-profile lawsuits against major players in the sector. For instance, the SEC has sought to lessen penalties in its long-standing case against Ripple Labs and fully dismissed its action against Binance, the world's largest cryptocurrency exchange. Other notable developments include stays or concessions in proceedings involving firms such as Coinbase, Consensys, Cumberland, Kraken, Gemini and Tron. In contrast, enforcement against traditional securities violations has continued at a steady pace, with dismissal rates for non-crypto cases remaining far lower.

SEC officials attributed the changes to legal and policy evaluations rather than political considerations. The agency emphasized that...