SEC abandons the largest encryption claims

In July, the campaign trained, Donald Trump promised a crowd of bitcoin Former SEC Chair fire Gary Ginserler If it is re -elected. “I didn’t know it was Which – which Trump said, referring to the crowd’s response from the crowd to this pledge. In November, after Trump’s victory in the elections, the encryption industry reached Help HandPick candidate To replace the ginsner, landing on Paul Atkins, former SEC Commissioner who has Express The encryption companies have been dealt with unfairly in the United States. (Atkins is still irritated now, waiting for confirmation.)

“The argument provided by the encryption industry-which has been subjected to illegal lawsuits by political motivation organizer-is likely to have hit a tendon with Trump. “Trump is a great believer in Lawfare,” says Scrameschi. “If you go to Trump, saying that you are a victim of Lourfar … he will stand by it.”

According to Stand With Crypto, a non -profit organization is paid to regulate detailed encryption in the United States, More than 250 supporters are supporters It was elected in Congress in 2024. The high scalp encryption industry in the races in which it has invested greatly in which was largely invested: in Ohio, the current democratic Senator Shirud Brown, It depicted as an arc pity In the encryption circles, it was removed by Republican Bernie Moreno. By defending American jobs, the encryption industry spent more than $ 40 million to support Moreno.

After witnessing the effectiveness of the coding machine, politicians who are interested in their seats are less likely to express opposition to the industry in the future, as it claims Scaramucci, which in turn increases the chances of the encryption organization that falls in place and the encryption focus.

“The Democrats have been afraid of life,” Skramucci claims. “You must have an organizational clarity. With the Trump administration, you will get it. You have enough Democrats afraid that would stand with (Republicans) to create this.”

Double Slide

SEC’s retreat from the distinguished lawsuits against encryption companies will be received as an early signal for the agency to work in its arm with the industry to reach a set of rules to govern transactions and encryption products.

The book of the rules will clarify the question in the heart of the lawsuits: What are the assets of encryption that must be classified as securities, and a specific type of investment products that have the Supreme Education Council specialization, and in what context?

“I think the industry sees the organizers ready to work via the table from them,” says Coy Garrison, a former SEC lawyer and his partner at Steptoe. “This is the difference. Four years ago, the other side of the table was just an enforcement arm.”

However, it is wrong to explain the withdrawal of the Supreme Education Council from the cases related to encryption as a complete mitigation of the steering wheel, as it claims a garrison. He says: “Sometimes, it is easy for people only to see the upper line,” he says. “The Securities and Stock Exchange will continue to correct a possible fraudulent activity within its jurisdiction with regard to encryption.”