The SEC's Changing Crypto Strategy Under Trump

The SEC has been making some big moves in the crypto world lately. They've been dropping cases and closing investigations. This shift started after President Trump came back into office. One big case that got dropped was against Gemini Trust Company. The SEC and Gemini agreed to dismiss a case about Gemini Earn, a lending product. The case was about unregistered securities. Gemini and its partner, Genesis Global Capital, were accused of this. The case ended with investors getting their crypto back. The SEC also closed another investigation into Gemini. This one was about something else, not the Earn program. It had been going on for nearly two years. The SEC decided not to take any action.This change in the SEC's approach is part of a bigger shift. New leadership at the SEC in 2025 started dropping or pausing many crypto cases. These cases were seen as too much by the new Trump administration. So far, the SEC has ended actions against at least 17 firms. These include big names like Coinbase, Binance, and Ripple. The SEC is now focusing on cases where there is clear harm or risk. They are being more selective. This is a big change from before. The SEC was going after a lot of crypto cases. Now, they are being more careful. Industry experts say the SEC is trying a new approach. They are being more selective and focusing on risk. This is a big change from the past. The SEC is also acknowledging that enforcement alone is not the best way to govern decentralized technologies. The changes at the SEC come at the same time as the passing of the GENIUS Act. This law gives more clarity on crypto regulations. It ends years of uncertainty about how courts will rule on crypto cases.