With the bloodbath in the crypto markets right now, nobody seems to be talking about what is going on with the US Securities and Exchange Commission (SEC) right now.
The US regulator is dropping, one-by-one, the litany of lawsuits and investigations it brought against cryptocurrency firms under the Joe Biden administration. The u-turn has been described by a former attorney at the SEC as “unprecedented.”
This week, the SEC ended investigations into the following crypto companies
Monday: Robinhood
Tuesday: Uniswap
Wednesday: Gemini
Thursday: Consensys
Friday: ??? pic.twitter.com/0QI5gGi5dk— Watcher.Guru (@WatcherGuru) February 27, 2025
SEC’s Harsh Treatment Of The Crypto Industry Stopped With The Introduction Of Trump’s ‘Crypto Task Force’
Following Donald Trump’s return to the White House, the SEC wasted no time in overhauling its crypto division. Just one day after the inauguration, the regulatory agency established a “crypto task force” responsible for developing a “comprehensive and clear regulatory framework for crypto assets.”
Headed up by Hester Peirce, also known as ‘Crypto Mom’, the SEC then proceeded to rebrand its crypto investigations branch into a smaller-scale “cyber and emerging technology unit.”
Since taking up the lead of the newly formed Crypto Task Force, Peirce moved quickly to assure the industry that she sought to undo the harmful mess created by the Biden administration.
She made it clear that the aim of the task force was to bring clarity and fairness to the crypto sector, the antithesis of what Biden and Gensler had previously put in place.
DISCOVER: What Is Open Agents Alliance (OAA)? New ASI Rival Could Be Hottest AI Crypto to Buy
SEC Have Recently Paused Or Outright Dropped Many High-Profile Cases Against Crypto Firms
The crypto market is screaming “bottom” right now – yet most of retail won't even see it.
You may just miss the opportunity of your life.
1. SEC just dropped its investigations into giants like Coinbase and #Binance , slashing regulatory FUD
2. Fear Greed Index hit 10 this… pic.twitter.com/eb0lcX81xa
— Brian Rose, Founder Host of London Real (@LondonRealTV) February 28, 2025
Since the turn of the year, the SEC have moved to dismiss many long-standing cases against firms in the crypto space. On February 13, a federal judge granted a joint request by the SEC and Binance exchange, to pause their ongoing litigation.
The SEC then petitioned for a similar pause on Wednesday 26 February in a separate case against Tron founder Justin Sun, who has long been under the scrutiny of the US regulator.
Ramping up the pro-crypto moves, in just the last week alone, the SEC agreed to drop its lawsuit against crypto exchange Coinbase outright.
Other recent and notable case dismissals from the SEC include trading platforms Robinhood and Uniswap. Non-fungible token (NFT) marketplace OpenSea also had their case thrown out.
Metamask parent company, Consensys, were the most recent to have its SEC investigation quashed. These moves from the SEC seem to be flying under the radar due to market participants being too worried with Bitcoin and it’s constant freefall, dragging the whole market down with it.
However, the worlds most prominent regulatory agency dropping so many high profile cases against crypto firms should be reason to celebrate.
There is now a real chance for the US to become an inclusive hotbed for crypto firms to flourish, which can only serve as a benefit to the overall market.
BONUS: Best Wallet (BEST) Is The Hottest Crypto Wallet On The Market Right Now And Here Is Why
Move over Metamask. There is a new innovative, non-custodial Web3 wallet on the market. Best Wallet ($BEST) has reached 250,000 monthly active users and 500,000 total users.
The wallet has a native token, BEST, which is still available via its presale. The presale has just surpassed $10.6 million in early-stage funding and continues attracting healthy daily inflows despite the poor market sentiment.
Why are there so many calls for Best Wallet to replace the old dinosaurs such as MetaMask? That chatter can be attributed to Best Wallet being packed with many features that are unavailable in those other wallets.
Some of the available features within the Best Wallet app are staking, iGaming, Project Directory, News, and DeFi.
However, the most popular offering of this revolutionary new wallet is the ‘Upcoming Tokens’ feature. Users can participate in carefully curated presales at phase 0, all within the Best Wallet app.
The Best Wallet team also adds a much-needed layer of security by vetting each project it hosts. This means you won’t need to worry about scammers and rug pulls.
With its 8-figure success thus far and the presale nearing its end, there is a good chance the launch of BEST will be met with at least one centralized exchange listing.
Check Out The Best Wallet Presale Here
EXPLORE: Crypto Expert’s Spring Warning: Is Solana Price Really Under Threat?
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The SEC continues to dismiss high profiles cases against crypto firms and we're not bullish enough
- The SEC has now dropped cases against Consensys, Gemini, Robinhood and Gemini, all within the last week
- This u-turn from the Trump-led regulatory administration is huge for the market, offering the clarity and fairness that Biden and Gensler outright refused
- Best Wallet (BEST) is quickly becoming to go-to crypto wallet as its feature packed app is starting to leave the dinosaurs such as Metamask in the dust
