The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration.
The regulator, which now has a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and others have called “regulation by enforcement” to less hostile engagements with crypto.
Thus far, those words have rung true with the SEC recently backing away from fights with multiple top crypto companies. Here are the SEC’s biggest pivots, reversals, and exits so far under Trump.
Binance
Following a joint request, a U.S. district judge granted Binance a 60-day pause in its ongoing legal battle with the SEC, allowing both parties an opportunity to reassess the shifting regulatory landscape.
The stay is in effect until April 14, at which point both parties will need to submit a status report. And since the stay was granted, the SEC has ended many other investigations and lawsuits, which may hint at what to expect from the Binance resolution.
The exchange has dealt with alleged securities, money laundering, and sanctions compliance issues since at least 2023, w…
