US SEC Readying To Finally Work "WITH" Crypto?

Preparing A Pro-Crypto SEC? What Does It Mean?

What Does A Pro-Crypto SEC Mean For Crypto?

A lot has been said and done with reference to the United States’ Securities and Exchange Commission and its relationship with the crypto industry. It has been a subject of discussion for all, including those who have been crypto supporters then and now, as well as those who are related to the SEC in one or the other way. 

There have been several incidents, specifically the Ripple versus SEC lawsuit, where the commission’s stance on crypto seemed strongly negative. Several highly-authorised leaders in the SEC have also been known to carry similar views, which affected their decision and policy making with reference to the crypto market.

A U-Turn For SEC-Crypto Relationship

However, things took a U-turn, when several nominations for SEC posts started to appear in the media. One of the most significant of these is Gary Gensler’s replacement with Paul Atkins. With Donald Trump regaining the chair of the country’s President, many such changes were obvious to come. This is because Trump strongly supports crypto, and he promised during the elections to take steps that align with his words and promises.

Then there was David Sacks’s appointment as the new Artificial Intelligence and Crypto Advisor to the President of the United States. Elon Musk, a strong crypto-supporter, has also been seen around the President during important gatherings. Scott Bessent is yet another choice of Trump for the role of the 79th secretary of the US Treasury department. 

With SEC chairman Gary Gensler leaving the office on the 20th of January, 2025, the same day when Trump will join the new office, Ripple Labs is also gaining on success against the US SEC in the legal battle.

The latest development has been the SEC commissioner Caroline Crenshaw’s rejection for the renomination, given her strong stance against crypto. 

Effect On Crypto

With most recent events reflecting the enthusiasm toward the cryptocurrency world, it seems like the SEC too is being prepared to support the digital currency market in the near future. This is going to affect crypto and its traders and investors immensely, because pro-crypto leaders will mean less regulations against the market. The crypto world is about to spread its wings further.

With Donald Trump only a month left to take his place back as the US President, there will be much to see what happens further - both during these 30 days and later.