The Securities and Exchange Commission’s aggressive stance on the cryptocurrency industry may soon be replaced with a more accommodating regulatory approach.
What Happened: With SEC Chair Gary Gensler set to leave office in January and President-elect Donald Trump preparing to appoint a new SEC chair, the stage is set for a major shift in how the crypto market is governed, according to The Wall Street Journal.
Gensler’s tenure was marked by high-profile lawsuits against major crypto exchanges, including Coinbase COIN, Binance BNB/USD and Kraken, for allegedly operating unlicensed securities platforms.
However, the incoming administration’s pro-crypto stance suggests that this adversarial approach may be dismantled.
Trump’s…
