Trump’s sec ends crypto -rights and investigations – this is the largest

The momentum has shifted in the years of struggle between Top Crypto companies and protocols and the US Securities and Exchange Commission under the new Trump administration.

The regulator, which now one Crypto Task Force Under the leadership of the long -term lawyer of the Hester Peirce sector, what Pierce and others have called ‘Regulation through enforcement’ as less hostile commitments with crypto.

So far, those words with the SEC that recently goes back from battles with multiple top crypto companies. Here are the biggest pivots, reversations and outputs of the sec so far under Trump.

Binance

After a joint request, an American district judge granted Binance a 60-day break In his constant legal battle with the SEC, which gives both parties the opportunity to re -assess the changing regulatory landscape.

The stay is in force until April 14, after which both parties must submit a status report. And since the stay was granted, the SEC has put an end to many other studies and lawsuits, which can indicate what to expect from the Binance resolution.

The stock market has had to deal with alleged effects, money laundering and the sanctions of compliance issues since at least 2023, which led to two separate settlements for $ 4.3 billion And $ 2.7 billionrespectively.

Crypto regulations

On February 17 the sec Voluntarily drop out In a case around the earlier attempts of the regulator to extend the securities laws to decentralized finance (Defi) applications and users.

The appeal was lodged after a federal court in Texas mentioned the extensive definitions of the regulator illegally, with reference to that the Defi traders combined with financial brokers.

The appeal ensures that Defi protocols do not have to register with the SEC as stock markets, so that the blockchain Association CEO Kristin Smith leads to call it a “name”Complete and total victory.“

Coinbase

Leading American crypto exchange Coinbase had his lawsuit officially rejected Due to the SEC in February.

The suit, that was submitted in 2023claimed that the platform became aware as a non -registered stock exchange, in particular the calling of tokens such as Solana and Polygon.

In her statement about the relocation, the committee said the decision “Rest on his opinion that the dismissal will facilitate and renew its regulatory efforts of the committee to reform and renew its regulatory approach to the crypto industry.”

Prior to the official approval, Coinbase Chief Legal Officer Paul Grewal said about the dismissal: “There will be no arrangement or compromise – an error will simply be made.”

OpenSea

The sec has his research ended In NFT Marketplace OpenSea, the company said in February, dropping costs that claimed that it operated as a brokerage without a permit. The platform indicated it received a wells knowledge Of the regulator in August 2024, signaling that the SEC would take action against it.

“This is a victory for everyone who creates and builds in our space,” said Devin Finzer, CEO of OpenSea. “Trying to classify NFTs as effects would have been a step backwards – one that incorrectly interprets the law and slows down innovation.”

Robinhood Crypto

A second Research into Robinhood–One that the platform claims should never have been opened – without action taken by the regulator.

“As we explained to the SEC, every case would have failed Robinhood Crypto,” said Robinhood’s Chief Legal, Compliance and Corporate Affairs Officer than Gallagher. “We appreciate the formal conclusion of this research and we are happy to see a return to the rule of law and dedication to fairness in the sec.”

The company was informed of a possible enforcement campaign in May 2024 When it was received A wells knowledge of the sec guided by Gary Genler.

Uniswap Labs

Uniswap Labs, the maker of Ethereum Decentralized Exchange Uniswap, said the SEC in February his research ended in the organization without submitting costs.

Just like other leading crypto organizations, Uniswap Labs received a wells knowledge In April 2024 that claimed that it operated as a non -registered stock agent, exchange and clearing agency, and who had made the sale of a non -registered security possible.

With the investigation reportedly over, all the aforementioned claims have now been withdrawn, said the CEO Hayden Adams.

“They followed us despite the fact that they had no clear legal basis, as part of a strategy of random enforcement to try to force Defi to force that in a regulatory framework that does not fit – all while we refuse to offer clear rules or a way to compliance,” ” He placed X. “This is a huge victory, not only for Uniswap laboratories, but also for Defi as a whole.”

Gemini Trust

A Biennial In Gemini Trust about the non -registered sale of effects that ended last week without the committee enforcement action.

Co-founder of Gemini Cameron Winklevoss noted the milestone, but said That it “does little to make up for the damage that this agency has done to us, our industry and America.”

Winklevoss estimated that the supervisor has cost his company “tens of millions of legal costs and hundreds of millions of lost productivity, creativity and innovation.”

Justin Sun/Tron

Such as Binance, Justin Sun and Tron a joint motion submitted In addition to the SEC to remain temporary in the hope of the regulator in the hope of finding a resolution.

The case comes back until 2023 when the SUS claimed that Sun had done more than 600,000 washing to create misleading tron ​​(TRX) volumes that led to around $ 32 million in profit. The joint archiving indicates that a resolution would be favorable because of ‘the preservation of judicial means’.

Consensys

Metamask and Linea parent company, Consensys, said the committee agreed Put an end to his lawsuit against the company, which focused on drawing up positions within Metamasker.

The dismissal has in principle agreed, but requires the approval of commissioners – similar to the activity of the regulator with Coinbase.

“We were dedicated to fighting this suit to the bitter end, but welcomed this outcome,” said Consensys founder and CEO Joseph Lubin on X. “Now we can get 100% back to the building. 2025 will be the best year for Ethereum and Consensys. “

(Disclosure: Consensys is One of the 22 investors In an editorial independent decodes.)

Published by James Rubin