Coinbase and Robinhood won the encryption relief. Is it a policy or a policy?

The organizational scene of digital assets in the United States turns at an unprecedented speed, and it is impossible to ignore the political tones that lead these changes. Within weeks of President Trump’s return to office, Coinbase announced Friday that the Securities and Stock Exchange Committee dropped a lawsuit against the company in 2023, while Rubnafol Checks It revealed on Monday that SEC’s investigation in her work was closed without enforcement.

Although the Supreme Education Council itself did not make a general statement confirming these decisions, corporate ads have sent a shock in the form The long -awaited relief Through the industry, it indicates a dramatic reflection of the heavy enforcement approach in Biden Administration The anti -carboto speech by Congress leaders and major agencies. This comes amid wider structural changes, including the formation of a new encoding workplace within the Securities and Stock Exchange and the support of the supportive support for sulfo, all in line with the Trump campaign to make America “the capital of encryption in the world.”

But besides organizational relief, what we are witnessing is the most important return on the encryption industry on investing in the reshaping of energy dynamics in Washington. With more than $ 110 million in political contributions and about half of the companies ’money in the 2024 election session from the encryption companies, According to a report From the public citizen, the industry is now making strategic political alignment bonuses.

Organizational relief or political favoritism?

The former SEC enforcement approach – especially during the era of former President Gary Ginsner – was defined by litigation and aggressive interpretation of securities laws. The agency filed lawsuits against Coinbase, Binanceand CornerAnd Robinhood, on the pretext that these companies offered unregistered securities and violated federal laws. The encryption industry has long criticized this approach as an organization through implementation, strangling innovation and pushing companies abroad.

Now, with the solution of Coinbase and Robinhood, the question is whether this transformation represents a long correction of organizational transgression or strategic political charity for an industry that has invested significantly in reshaping the government’s position on encryption.

Timing is impossible to ignore. Coinbase’s announcement of the dismissal of a lawsuit for the Supreme Council for Education came a few days after the company’s disclosure The appointment of Chris LakvitaThe former director of Trump in the co -size, to the World Consultative Council. This raises decisive questions:

• Are Coinbase’s direct relationships with Trump’s inner circle secure a favorable organizational result?
• Will companies that fail to agree with the administration fail to check?
• Do you now dictate the encryption organization with political loyalty instead of legal and financial oversight?

Organization policy and policy

Unlike the Cabinet’s functions, which operate with the president, agencies like SEC are independent by design, which means that their leadership is supposed to change with each administration. SEC commissioners serve five -year terms and can only be removed for the reason. However, the past few weeks have shown the amount of organizational independence that can be affected by political appointments, political repercussions, and internal restructuring.

Under the Trump administration, the Supreme Education Council:

• He canceled the previous encoding directives, including Employee accounting rules This made it difficult for companies to engage in banking services.
• Driving stacked with pro -carbouto voices, including expected nomination for Paul Atkins, a long critic of the SEC enforcement approach, as the next president.
• A dedicated coding team, led by Commissioner Hyster Peres (called “Crypto Mom”), has created to formulate the friend’s friend regulations.

If the encryption companies are able to exceed the years of litigation simply by transforming political alliances, what does this mean to ensure organizational certainty, fair enforcement, and the safety of independent agencies?

100 million dollars playing power in Washington

The financial contributions of the encryption industry in the election session of 2024 exceeded each other, with nearly half of all institutional donations coming from the encryption companies. This investment was not only about the campaign’s contributions. It was a matter of securing the impact of politics on the highest levels of government.

As a result, more than 250 pro -congressional candidates in Congress were elected, along with 16 Senate supporters of Karbouto. SEC’s face is not just an organizational transformation. It is a clear indication that the political investment of the industry pays its fruits. Although SEC’s organizational transformation dominates the main headlines, Congress also moves quickly to reshape the legal framework of digital assets. One of the most important priorities is the organization of Stablecoin, with Competitive bills In both the House of Representatives and the Senate.

The biggest picture in the encryption industry

With the Trump administration moved strongly to the reshaping of the digital asset policy, the main question is whether these rapid and dangerous changes lead to a long -term and transparent organizational framework to flourish in all seasons. Or whether they will create a precedent where organizational clarity is transactions, and they turn into political power?

If the encryption industry finds only organizational relief under the Republican leadership, it risk increasing the politicization of financial organization, which leads to uncertainty in each electoral cycle.

For Democrats, this moment represents a challenge: ignoring encryption and risk by losing the effect on one of the fastest financial sectors. Or commitment to developing a framework of the two parties that provides clarity, opportunities and protection without giving up the narration or suffocating innovation in the United States.

For encryption companies, the lesson is clear: the rules of the game have changed, but they remain deeply political. However, organizational certainty is still not certain unless it is built on the legal foundations of the two parties rather than political maneuvering. Long -term stability depends on Congress guarantee (With the powers of law and censorship constitutionally), and not only the White House, leads to the policy of digital assets.

Long -term stability or short -term strategy?

SEC’s retreat from Coinbase and Robinhood is a crucial moment in the development of encryption regulation. But whether this transformation represents a step towards permanent clarity or a dangerous precedent of organizational patronage still should be seen.

With Congress pushed new legislation, the White House in line with industrial players, and the coding companies that include themselves deeply in the political strategy, the next four years will form the long -term path of digital assets in the United States

Is this the dawn of a stable and transparent regulatory era for encryption? Or is this industry simply the latest player in the political game in Washington?