The SEC must stop its legal harassment. While, until the last second, Gary Genslerthe president of the SEC (Securities and Exchange Commission), aura insulted and threatened the cryptocurrency sectorhis forced departure on January 20 next should usher in a crypto-friendly era for the institution. In any case, at a minimum, ending the Biden administration’s violent anti-crypto war. According to rumors in the corridors, it could even be that the SEC under Donald Trump is strongly encouraged to will come his indiscriminate legal pursuits.
- Gary Gensler will (finally) leave the presidency of the SEC on January 20, 2025, ending an era of legal harassment against cryptocurrencies.
- Pro-crypto commissioners Peirce and Uyeda should now establish clear rules for the cryptocurrency sector in the United States, and stop abusive lawsuits.
Pro-Trump Republican SEC commissioners ready to give clear rules to cryptos
Under the 4 interminable years of the mandate of Joe Biden and the presidency of the Securities and Exchange Commission par Gary Genslercrypto players have been constantly hindered (see totally stifled), and the adoption of cryptocurrencies braked as much as possible in the United States.
More the overwhelming victory of Donald Trump and the Republicans in the November 5, 2024 elections have completely called into question the future policy of the SEC. L’blind and partisan hostility by Gary Gensler should be replaced by, at a minimum, neutralityor even kindnessif we are to believe the words of three people “informed on the subject” cited by the media Reuters.
The pro-crypto SEC commissioners Hester Peirce et Mark Uyeda (who were in the minority under the Gensler presidency, but will become the majority with his departure) will be able to bring specific rules to the crypto sector. To (FINALLY!) clearly define andet Whya given digital asset may be considered (or not) as a security (security).
The abusive trials on the question “ securities or not? “, it’s almost over with the departure of Gary Gensler
With the arrival of Gensler’s replacement chosen by Donald Trump, Paul Atkins, president of the SECthey are also all the unbearable (and above all unjustified) judicial harassment of the institution which should stop immediately.
Because in just 4 years, Gary Gensler achieved the sad feat of launching 83 legal attacks against crypto actors. Even giants established for a long time, like Coinbase, have been threatened and harassed by the crazy regulator.
According to apparently well-informed sources cited by Reuters, “ from the first days » of the new Trump administration, the SEC should “ freeze certain disputes [contre les acteurs cryptos] which do not involve allegations of fraud.”
Because while waiting for the official confirmation of Atkins, the US regulatory body will already pass under the control of Commissioners Peirce and Uyedaonce Gensler left on January 20. And some of the most abusive could even be “ removed “. Like for example the scandalous reopening of the “trial in securities of XRP” against Ripplewhich Gary Gensler revived (despite his previous legal defeat on the subject) just 5 days before his departure! Still 96 hours (4 days) to go before the departure of this cryptocurrency hater.
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