Industry leaders hope Trump administration ushers in favorable crypto regulations and leadership changes at key agencies.
New Leadership, New Hopes for Crypto
As the U.S. transitions to a new presidential administration and Congress, crypto industry leaders are optimistic about regulatory shifts. President-elect Donald Trump’s campaign promises to streamline crypto regulations have raised expectations for clarity and growth.
Ripple’s Legal Outlook
Ripple’s Chief Legal Officer Stuart Alderoty voiced hopes for clearer SEC guidelines, emphasizing that tokens themselves are not securities but could be part of security transactions. Ripple continues its legal battle against a $125 million SEC judgment, signaling the stakes for industry-wide clarity.
Let’s hope these principles won’t need repeating in 2025 and beyond: 1.The SEC only has jurisdiction over security transactions. 2.Selling a gold bar with a contractual right, title, or interest in my gold mine? Likely a security transaction. 3.Selling that same gold bar without…
Coinbase and Supreme Court Rulings
Paul Grewal, Coinbase’s Chief Legal Officer, highlighted the Supreme Court’s 2024 decision overturning the Chevron doctrine, which could reshape the judicial approach to SEC crypto cases. This development suggests courts may no longer defer to the SEC’s interpretations, potentially leveling the regulatory playing field.
Enforcement Cases and Leadership Changes
With major legal actions against former FTX, Celsius, and Terraform Labs executives continuing in 2025, changes at the SEC or the Southern District of New York could significantly impact ongoing cases. Trump’s proposal to replace SEC Chair Gary Gensler with Paul Atkins reflects a potential shift in regulatory tone.
What Lies Ahead
The crypto industry anticipates reforms that balance enforcement with innovation-friendly policies. Key appointments and legislative changes in 2025 could shape the future of U.S. crypto regulations, offering clarity for firms navigating the legal landscape.
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