SEC Reassigns 50 Lawyers to Reduce Crypto Enforcement
The SEC is reducing the size of its encrypted law enforcement unit. According to the latest report, the committee is re -assigned the work of more than 50 lawyers and staff and encryption related cases.
This marks a major change in the Federal President’s Government, the Federal method of digital asset regulations has undergone a major change.
SEC isasing on encryption law enforcement
The layoffs are President Trump’s administrative order to reduce regulatory restrictions to promote the growth of digital assets. As part of this move, several lawyers from the cryptocurrency department are reorganizing different departments in the SEC.
According to the New York Times ReportA senior lawyer has shifted from the law enforcement department. According to reports, some insiders have regarded these measures as an unfair relegation.
“The SEC is expanding its encryption law enforcement unit. Some special units specializing in law enforcement operations that are used to implement law enforcement operations are reorganized by special departments composed of 50 lawyers and employees.” Write Analyst Eric Balchunas.
The reorganization of employees and the future question about the future of the SEC’s highly noticed cases, including Long -term litigation against RippleEssence
Although the lawsuit is Recently deleted from the SEC websiteIt has not been officially rejected. Therefore, there is still room for speculation.
Agent SEC Chairman Mark Uyeda owns Establish a work force Examine the agency’s strategy of digital assets. The team is led by the commissioner Hester Peirce, and the latter is known for her strong support for the encryption plan.
Earlier this time, Pierce announced a new one The encrypted special forces will focus on re -evaluating assets In addition to SEC direct supervision, classification and transfer of certain execution responsibilities.
However, it will still maintain strict measures for fraud.
“The SEC rules will not allow you to do what you want to do when you need any. Some of these rules will applies cost and other compliance burdens. Some people may feel troubled. Observe illegal acts, ” explain Heather Peirce.
In related development, White House encrypted Tsar David SaxTogether with the Senate leaders, held a press conference to outline the priority of the newly created digital asset work group.
The sack emphasizes that the main goal of the group is to explore Establish a national Bitcoin ReserveEssence At present, 15 states are considering adopting Bitcoin as a strategic reserve assetEssence A new Stablecoin The bill is also submitting to Congress.
Overall, the new SEC and the US government are taking a few steps for the industry.
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