The Securities and Exchange Commission is poised to shift its stance on cryptocurrency regulation as Chair Gary Gensler prepares to exit next month. Under Gensler, the SEC aggressively pursued litigation against crypto exchanges like Coinbase, Binance, and Kraken, alleging they violated securities laws. With Donald Trump's return to the presidency, the SEC is expected to adopt a more lenient regulatory approach, as Trump's administration has pledged support for the digital asset industry. Potential successors to Gensler favor settlements that reduce litigation burdens.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Securities and Exchange Commission is poised to shift its stance on cryptocurrency
00:06regulation as Chair Gary Gensler prepares to exit next month. Under Gensler, the SEC
00:11aggressively pursued litigation against crypto exchanges like Coinbase, Binance, and Kraken,
00:17alleging they violated securities laws. With Donald Trump's return to the presidency,
00:21the SEC is expected to adopt a more lenient regulatory approach,
00:26as Trump's administration has pledged support for the digital asset industry.
00:29Potential successors to Gensler's favor settlements that reduce litigation burdens.