Under Trump, American dismantling crypto cracks

Federal officials declared that the so-called Memecoys would not be subject to strict supervision.

The medium investigation into the main cryptocurnent firms was stopped.

And the Commission for Securities and Exchange agreed to pause the case of fraud against the best crypto entrepreneur.

Untitled for more than a month from the inauguration of President Trump, American regulators almost completely dismantled a bunch of long-term government on the crypto industry, volatile sector Fraud, fraud and theft.

Regulators monitor the promise campaign that Mr. Trump has made last year, because he dragged donations of deep pocket cryptological investors and placed his digital currency in public.

But a little bit in the crypt industry, he expected that much victory quickly.

Last week, SEC agreed To discharge their lawsuit against coinbase, the largest crypto compati in the United States. Then, in quick succession, top managers in cryptoms Gemini, Opense and Unisvap Labs He announced that the Agency stopped his research into their companies. Executive Director in the Second Main Cryptian company, ConsensementHe said on Thursday that SEC agreed to withdraw the lawsuit that targeted one of the popular company products.

“This signifies another turning point until the end of the war on Cripto,” Cameron Vinklevoss, the founder of Gemini, wrote on X on Wednesday. “I’m glad to turn the page here.”

Legal moves of fast fire were a stunning reversal of regulators usually moving with caution, reluctantly leave current litigation. The case case, SEC has supported by an ambitious legal campaign, leading almost all digital coins as securities – and subject them to the same strict rules that govern invocations and bonds on Wall Street.

The inclusion of “removes the credibility, integrity and reputation of Sec the message that this is a political organization that acts on the latest elections,” said Dennis Kelleher, president of better markets, which is not carried out by non-profit regulation.

Some of the agency’s actions are ready to use G. Trump or his business partners, creating conflicts of interest with small precedent In American history, according to government experts.

That was obvious ThursdayWhen the sex said it would not perform any regulatory authority over memecoins, a risky species of cryptocurria associated with a glorious or internet joke. Days before his inauguration, Mr. Trump created his Memecoin, $ Trump, who generated Tens of millions of dollars for his family and her partners.

This week, Sex also asked the Federal Judge to pause the main case of cheat against the crypto entrepreneur Justin Sun, who invested a tenth of millions of dollars to another from the Krupt’s Trump family, a world free financial version. The judge approved the request.

The representative for Mr. Sunda refused to comment on. Mark Uieda, SEC walking chairman, said Thursday in the statement that the Agency should “correct his approach and developing crypto policy in a more transparent manner.”

According to the Parliament, the Campaign for the Execution of SEC was led by his chair, Gary Genslerwhich became the enemy of the crypto industry. Г. Gensler filed lawsuits against the stings of the upper companies, including Cripto Berch Coinbase, Binance and Kraken.

Г. Trump promised to end that jerk. To replace Mr. Gensler in seconds nominated Paul AtkinsSecurities lawyer with close ties for the crypto industry. He also eavesdropped by David bags, investors investors and crypto enthusiasts, serve as “White House AI and CRIPTO CZAR”.

In his first week at the office, Mr. Trump signed Executive order set up the basics for overhaul for the Federal Crypto Regulation. Then SEC began to act.

Last week, the Agency agreed to discharge the lawsuit against coinbase – argued that the exchange of marketing unregistered securities – without imposing any financial sentences, in complete victory of the company.

In his lawsuit against StageSEC has requested from 60 days break, stating efforts to “facilitate potentially solving this case”. In several other cases, the Agency took over even more final steps, ending investigations in high companies, including twins, Cripto Exchange founded by Cameron and Tyler Vinklevoss.

It is the most important action of the Agency this week in connection with Mr. Sun.

The founder of the crypto platform called Tron, G. Sun, who was born in China, is among the purest figures in the crypton world. Last year, he spent 6.2 million dollars on the experimental part of works of art – a banana that was taken on the wall. He continued eat Banana.

2023. Years submit LAWYGAGE v. G. The sun, accusing him of falsely manipulate the price of his cryptocurri. “The sun and others used the age book on the age book to mislead and harm investors”, official agency said At that time. Mr. Sun denied allegations.

Г. Sun was close to Mr. Trump’s interior circle. Last year, he spent $ 30 million to buy a cryptocurratory published by the financial world freedom, which Mr. Trump and his sons have promoted strongly.

Now the Lord Sun seems to be close to solving its legal problems in the United States. In the Court, SEC requested a break in case as either side “Consider the potential resolution”.