The New York Times: The U.S. SEC significantly eases cryptocurrency enforcement after Trump's return to the White House, with 14 cases dismissed or frozen.

According to a report by The New York Times, the U.S. Securities and Exchange Commission (SEC) has significantly relaxed its enforcement stance on the cryptocurrency industry after Trump returned to the White House.

The report shows that the SEC dismissed seven cryptocurrency cases and froze or offered favorable settlements in seven others. Among these, the lawsuit against cryptocurrency exchange Binance was completely dismissed, the federal lawsuit against Gemini, a cryptocurrency company run by the Winklevoss twins, was frozen, and the SEC attempted to reduce the court-ordered fine in a years-long legal battle against Ripple Labs.

Data comparisons show that the SEC filed 105 cryptocurrency cases during the Biden administration, compared to 50 during Trump's first term and zero so far in his second. Among the cases that were withdrawn or frozen, eight companies had known connections to Trump or his family businesses, including political donations and business dealings.