The U.S. Securities and Exchange Commission (SEC) is downsizing its crypto enforcement unit, reassigning over 50 staff members. Meanwhile, SEC Commissioner Hester Peirce is now leading a new crypto task force to create clearer regulations. Reducing Government Intervention According to The New York Times , several crypto unit members have been moved to other departments, and at least one senior lawyer was removed within the enforcement division, which some insiders see as an unfair demotion. This shift aligns with President Trump pushing to reduce government intervention in crypto, aiming to make the U.S. a global leader in digital assets. Hester Peirce has repeatedly criticized the past approach which the agency has taken, calling it legally vague and impractical. Complete Overhaul The restructuring also raises concerns about ongoing SEC lawsuits, such as the one against Coinbase, which the SEC claims operates as an unregistered securities platform. Under former SEC Chair Gary Gensler, the agency faced backlash for its unclear regulatory stance on crypto. This overhaul is part of the broader Trump administration effort to reform crypto regulations, including repealing the controversial SAB121 policy and rejecting the creation of a central bank digital currency (CBDC).
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