SEC Dials Down Crypto Oversight, Reassigns Agency Lawyers: Report

Quick Summary:

The crypto unit overhaul aligns with Trump's pledge to limit government intervention and position the U.S.as a leader in digital assets.

Last month, the agency scrapped Staff Accounting Bulletin No.121 (SAB121), a controversial policy that forced firms to treat customer-held crypto as a liability.

During Gensler’s tenure, multiple industry leaders shot back, accusing the SEC of attempting to “unlawfully kill” the crypto industry while refusing to provide clear regulatory guidelines.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: Estonia

Topics: Regulations Securities and Exchange Commission Law and Order SEC Hester Peirce

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 06:28:24 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 25905311

View Article Analysis

About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 12 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

Frequently Asked Questions