Under Trump, US

Federal officials declared That so -called Memecoins would not be subject to strict supervision.

A series of research on the main cryptocurrency companies were arrested.

And the stock exchange and values ​​commission agreed to stop a fraud case against a higher cryptographic entrepreneur.

Little more than a month since the inauguration of President Trump, American regulators have almost completely dismantled a repression of the government against the cryptographic industry, a volatile sector full of fraud, scams and robbery.

The regulators are following the promises of the campaign that Trump made last year, since he courted donations of cryptographic pocket investors and marketed his own digital currency to the public.

But few in the cryptographic industry expected I die so many victories so fast.

Last week, the SEC agreed to eliminate its demand against Coinbase, the largest cryptographic company in the United States. Then, in rapid succession, the senior executives of cryptographic firms <a target="_blank" class="css-yywogo" href="https://x.com/cameron/status/1894876433979154893″ title=”” rel=”noopener noreferrer” target=”_blank”>Gemini, <a target="_blank" class="css-yywogo" href="https://x.com/dfinzer/status/1893086281300582772″ title=”” rel=”noopener noreferrer” target=”_blank”>Opensa and <a target="_blank" class="css-yywogo" href="https://x.com/Blockworks_/status/1894456699299209312″ title=”” rel=”noopener noreferrer” target=”_blank”>UNSWAP laboratories He announced that the agency had stopped its investigations in its companies. An executive in another great cryptographic firm, <a target="_blank" class="css-yywogo" href="https://x.com/ethereumJoseph/status/1895156943972639243″ title=”” rel=”noopener noreferrer” target=”_blank”>ConsensusHe said Thursday that the SEC had agreed to withdraw a demand aimed at one of the popular products of the company.

“This marks another milestone until the end of the war on cryptography,” Cameron Winklevos, a founder of Gemini, <a target="_blank" class="css-yywogo" href="https://x.com/cameron/status/1894876433979154893″ title=”” rel=”noopener noreferrer” target=”_blank”>wrote In x on Wednesday. “I'm glad to pass the page here.”

Fast fire legal movements amounted to surprising reversal by regulators who generally move with caution, reluctant to abandon the ongoing litigation. Case in case, the SEC is moving away from an ambitious legal campaign, directed by the Biden Administration, to classify almost all digital currencies as values, and submits them to the same strict rules that govern actions and bonds negotiated in Wall Street.

The reversal “destroys the credibility, integrity and reputation of the SEC, and sends the message that it is a political organization that acts based on the most recent elections,” said Dennis Kelleher, president of Better Markets, a non -profit organization that presents a strong regulation.

Some of the agency's actions are ready to directly benefit Mr. Trump or its commercial partners, creating conflicts of interest with unprecedented in the history of the United States, according to government ethics experts.

That was evident on Thursday, when the SEC said it would not exercise any regulatory authority on Memecoins, a risky type of cryptocurrencies linked to a celebrity or a joke online. Days before its inauguration, Trump had created his own memecoin, $ Trump, which generated dozens of millions of dollars for his family and his partners.

This week, the SEC also asked a federal judge to stop an important case of fraud against cryptographic businessman Justin Sun, who invested dozens of millions of dollars in another of the cryptocurrencies of the Trump family, World Liberty Financial. The judge authorized the request.

A representative of Mr. Sun declined to comment. Mark Uyeda, interim president of the SEC, said in a statement on Thursday that the agency needed to “rectify its approach and develop the cryptography policy in a more transparent way.”

Under the Biden Administration, the SEC application campaign was directed by its president, Gary Gensler, who became an enemy of the cryptographic industry. Mr. Gensler filed demands against a series of main companies, including Coinbase, Binance and Kraken cryptography exchanges.

Mr. Trump promised to end that repression. To replace Mr. Gensler in the SEC, he nominated Paul Atkins, a securities lawyer with close links with the cryptographic industry. He also took advantage of David Sacks, an investor of risk and cryptography enthusiast, to serve as “ai of the White House and Cryptographic Tsar.”

In his first week in office, Trump signed an executive order that laid the foundations for a review of the federal cryptography regulation. Then the sec began to act.

Last week, the agency agreed to eliminate its demand against Coinbase, a case that argues that the exchange was to market unregistered values, without imposing any financial fine, in a total victory for the company.

In your lawsuit against <a target="_blank" class="css-yywogo" href="https://www.reuters.com/legal/us-sec-case-against-crypto-exchange-binance-put-hold-2025-02-13/#:~:text=Feb%2013%20(Reuters)%20%2D%20A,the%20world’s%20largest%20cryptocurrency%20exchange.” title=”” rel=”noopener noreferrer” target=”_blank”>BinanceThe SEC requested a 60 -day pause, citing efforts to “facilitate the possible resolution of this case.” The agency took even more definitive measures in several other cases, finishing research in high -profile companies, including Gemini, the exchange of cryptography founded by Cameron and Tyler Winklevos.

It could be said that the most significant action of the agency this week referred to Mr. Sun.

The founder of a cryptographic platform called Tron, Mr. Sun, who was born in China, is among the most colorful figures in the cryptographic world. Last year, he spent $ 6.2 million in an experimental work of art, a banana engraved on a wall. He proceeded to eat The banana.

In 2023, the SEC filed a lawsuit against Mr. Sun, accusing it of fraudulently manipulating the price of its cryptocurrency. “Sun and others used an old play book to deceive and damage investors,” an agency official saying At the moment. Mr. Sun denied the accusations.

Mr. Sun has approached the intimate circle of Mr. Trump. He spent $ 30 million last year to buy a cryptocurrency published by World Liberty Financial, which Trump and his children have promoted strongly.

Now Mr. Sun seems close to solving his legal problems in the United States. In a presentation of the court on Wednesday, the SEC requested a pause in the case since both parties “consider a potential resolution.”