Trends
US shifts crypto stance under Trump
• Trump administration drops key crypto cases, easing regulatory pressure on firms• Banking access restored for crypto companies through rollback of restrictive guidelines What happened: Sweeping regulatory reversals point to crypto liberalisation in the US Since the beginning of President Donald Tr…
Headline
• Trump administration drops key crypto cases, easing regulatory pressure on firms• Banking access restored for crypto companies through rollback of restrictive guidelines What happened: Sweeping regulatory reversals point to crypto liberalisation in the US Since the beginning…
Context
• Trump administration drops key crypto cases, easing regulatory pressure on firms • Banking access restored for crypto companies through rollback of restrictive guidelines Since the beginning of President Donald Trump ’s latest term, the US federal government has executed a rapid and sweeping shift in its approach to cryptocurrency regulation. This transformation is evident in three key areas: the abandonment of major Securities and Exchange Commission (SEC) cases, newly permissive banking guidance from federal agencies, and the quiet cessation of multiple investigations into key players in the digital asset industry.
Evidence
Pending intelligence enrichment.
Analysis
The SEC has dismissed or paused nearly every high-profile enforcement action against crypto firms, including cases involving Coinbase, Ripple, Kraken, Consensys, and Cumberland. Although these dismissals do not equate to legal endorsements of the firms’ activities, they strongly imply that the SEC currently does not consider most digital assets or staking services to be securities under the law. Meanwhile, ongoing fraud-related cases—such as those against Binance and Tron—have been paused, suggesting a softening stance, though not yet a full retreat. Simultaneously, the Trump administration has reversed key Biden-era restrictions that hindered crypto companies’ access to the banking system. On Trump’s second day in office, the SEC’s restrictive SAB 121 was repealed. This was followed by the OCC’s rescission of Letter 1179 and the FDIC’s withdrawal of FIL-16-2022, removing requirements that banks notify regulators before engaging with digital assets. Investigations into firms like Robinhood Crypto, Uniswap, and OpenSea have also been quietly dropped, with no new actions announced. This coordinated deregulatory push, still in early stages, signals a broader policy overhaul—one that opens the door to renewed industry growth and financial institutional participation in crypto. Also read: Eric Trump transitions to cryptocurrency amid business challenges Also read: Trump’s trade war pressures crypto market ahead of April tariffs
Key Points
- What happened: Sweeping regulatory reversals point to crypto liberalisation in the US
- Why it’s important
Actions
Pending intelligence enrichment.
