🌀The U.S. Securities and Exchange Commission (SEC) is poised to ease its regulation of the crypto industry under the new administration of Donald Trump. Paul Atkins, known for his favorable stance on cryptocurrencies, will take over as the new SEC chairman.
🌀The agency plans to review cases against crypto companies that do not involve fraud allegations and clarify the status of digital assets. Discussions are also underway to lower storage costs for cryptocurrencies and hold public consultations to adapt existing regulations.
🌀Hester Peirce and Mark Uyeda are prepared to support these changes, including the approval of staking in crypto ETF applications.