Trump's SEC Overhaul: Crypto Crackdown Faces Major Rollback

SEC Commissioner Mark Uyeda supports President-elect Donald Trump's plan to halt the Biden Administration's aggressive enforcement actions against the cryptocurrency industry. Uyeda suggests pausing new enforcement actions until clear regulations are established, aligning with Trump's campaign promise to end the so-called 'war on crypto.' This stance contrasts with current SEC Chair Gary Gensler's approach, which has involved numerous enforcement actions against crypto firms for unregistered securities sales. Uyeda and fellow Commissioner Hester Peirce advocate for clearer guidelines and a more transparent regulatory approach.