Crypto Regulations in Flux: SEC’s Strategy Poised for Transformation

Coinbase’s Chief Legal Officer, Paul Grewal, predicts significant changes to the SEC’s approach to cryptocurrency under a Trump administration, including a shift in focus from broad industry enforcement to targeting fraud and scams.

With President-Elect Trump’s promise to remove current SEC chair Gary Gensler, the crypto industry anticipates a more constructive approach to regulation. Ripple CEO Brad Garlinghouse also criticized the SEC’s overreach, suggesting that it could influence voters in key states. Both Grewal and Garlinghouse emphasize the need for clear, consistent regulations rather than ongoing legal battles, urging the SEC to engage in rulemaking instead of litigation.

Clever Robot News Desk 10^th November 2024