The primary weeks of the Trump Administration appeared to herald a brand new period of cryptocurrency enforcement and regulation – specifically, one in which there could be much less of each. In his first week in workplace, the president issued an Government Order declaring that the “digital asset trade performs a vital function in innovation and financial growth,” and saying the administration’s intent “to assist the accountable progress and use of digital property, blockchain know-how, and associated applied sciences throughout all sectors of the economic system[.]”
Briefly order, the Securities and Trade Fee adopted go well with. In the final three months, the SEC has established its personal Crypto Process Pressure, dropped its pending enforcement motion in opposition to Coinbase, introduced that “meme cash” aren’t thought of securities, and moved to shut an investigation into on-line brokerage Robinhood’s crypto buying and selling division.
