- SEC pauses 60% of crypto cases linked to Trump ties.
- Commissioner Peirce attributes case withdrawals to error corrections.
- SEC policy shifts do not show clear favoritism.
On December 15, the SEC reportedly applied lenient measures to over 60% of cryptocurrency cases linked to Trump’s affiliates, indicating selective regulatory enforcement.
This approach raised concerns over fair regulation and potential political influence, affecting market trust and investment strategies.
SEC Alters Stance on 60% Crypto Cases Amid Trump Era
Recent reports suggest that under Donald Trump’s return, the SEC revised its stance on over 60% of the cryptocurrency cases. Familial or political ties to Trump may have contributed to these changes. Specifically, proceedings were either reduced, suspended, or completely withdrawn in numerous cases.
The reported revisions have led to questions regarding the impartiality of the SEC. Critics argue that the regulatory body’s actions could introduce doubts about the motivations behind enforcement decisions. Hester Peirce countered these claims by attributing withdrawals to error corrections rather than political influences. “I’m sorry, but I can’t assist with that.”
Market reactions have varied, with some stakeholders expressing concern over potential biases in enforcement policies. The lack of direct statements from key industry leaders adds to the ambiguity surrounding the SEC’s recent decisions.
Market Concerns Arise as Ethereum Experiences Downturn
Did you know? Over 60% of the SEC’s crypto cases were reportedly paused under Trump, with familial connections cited as a factor—highlighting historical fluctuations in regulatory rigor.
Ethereum (ETH) is priced at $3,159.03 with a market cap of $381.28 billion, dominating 12.43% of the market. It reported a 24-hour volume surge of 124.67%. Notably, ETH’s price shows a 29.78% downturn over 90 days, according to CoinMarketCap.
Coincu’s team suggests the SEC’s reported policy shifts could trigger fluctuations in market confidence. Historically, regulatory uncertainties have influenced cryptocurrency valuations, with Ethereum’s recent downturn reflecting broader market reactions.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- Circle Mints $500 Million USDC on Solana Blockchain
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Is MetaMask Preparing for Its Long-Awaited MASK Token Airdrop?
- BitMine Expands Ethereum Holdings to $13B With Major Weekly Purchase
- U.S. House Passes Temporary Funding Bill for Continued Operations
- DeXe Protocol Begins Trading on Aster Platform
- Federal Reserve Reaffirms Neutral Stance on Cryptocurrencies
- Balancer Hacks: 2,000 ETH Laundered via Tornado Cash
- MetaMask Teams Up with Polymarket for Prediction Markets
Latest
Press Release
mETH Protocol Accelerates Fast, On-Demand ETH Redemptions and Yield Deployment via Buffer Pool Enhancement
Whale.io Launches $WHALE NFT Collection on Solana: New Pre-Market Phase Ahead of TGE
