The U.S. Securities and Exchange Commission (SEC) is making changes to its strategy on cryptocurrency cases, reprioritizing its focus and creating a new unit to combat cybercrime.
SEC's Litigation Priorities
According to several legal sources, the SEC is prioritizing cases with imminent court deadlines. This explains the absence of pause requests in the Ripple and Kraken cases, with their next deadlines set for March and April.
Pressure on SEC and Political Comments
President Donald Trump expressed dissatisfaction with excessive regulatory barriers hindering the crypto industry. Meanwhile, the U.S. Department of Government Efficiency, led by Elon Musk, called for public input to investigate abuses within the SEC.
Formation of a New Crypto Crime Unit
The SEC announced the formation of a new 'Cyber and Emerging Technologies Unit' to protect retail investors. Led by SEC attorney Laura D’Allaird, the unit will target cyber-related fraud.
Changes in SEC's strategy and the formation of a new unit indicate a shift in its approach to crypto regulation and cybercrime deterrence.
