Mark Uyeda, the new acting chair at the Securities and Exchange Commission (SEC), is wasting no time in making changes under the new Donald Trump administration. According to The New York Times, the agency has scaled back its cryptocurrency enforcement unit by reassigning 50 lawyers and other staff members who had been working on regulating it.
SEC scales back crypto enforcement unit
Lawyers from the unit have been reassigned to other SEC departments, including one top lawyer who’s reassignment is being seen as an unfair demotion by some.
In January, Trump signed an executive order aimed at promoting the crypto universe’s growth and “eliminat[ing] regulatory overreach” on digital assets. Uyeda recently appointed a task force...
