Under Trump, U.S. Increasingly Pulls Back From Crypto Crackdown
The New York Times
Going case by case, regulators have halted investigations and withdrawn or paused lawsuits against top crypto companies and their executives.
Federal officials declared that so-called memecoins would not be subject to strict oversight.
A series of investigations into major cryptocurrency firms were halted.
And the Securities and Exchange Commission agreed to pause a fraud case against a top crypto entrepreneur.
Just over a month since President Trump’s inauguration, U.S. regulators have almost entirely dismantled a yearslong government crackdown on the crypto industry, a volatile sector rife with fraud, scams and theft.
Regulators are following through on campaign promises that Mr. Trump made last year, as he courted donations from deep-pocketed crypto investors and marketed his own digital currency to the public.
But few in the crypto industry expected to notch so many victories so quickly.
