SEC CUTS CRYPTO ENFORCEMENT UNIT: WHAT DOES IT MEAN? 🔥📉
The SEC is scaling back its crypto enforcement unit, reassigning over 50 lawyers and staff to different departments. This change follows an executive order from President Trump to foster digital asset growth by easing regulatory constraints. As part of this shift, ongoing cases, including the Ripple lawsuit, may face new challenges. SEC Chairman Mark Uyeda has set up a Crypto Task Force to review strategies and redefine asset classifications, while maintaining strict action against fraud. Meanwhile, the White House explores the creation of a national Bitcoin reserve.
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