The U.S. Securities and Exchange Commission (SEC) is cutting its special cryptocurrency division following President Trump's directive to reduce the regulation of digital assets. The SEC is reallocating some employees to other departments, which some have perceived as a downgrade. This decision follows Trump's appointment, who supports cryptocurrency, and his directive to create a light regulatory framework for digital assets. Under his leadership, investigations into crypto firms, including Coinbase, could be closed.
2/5/2025 11:51:14 AM (GMT+1)
The SEC is cutting its cryptocurrency division amidst Trump's directive to reduce regulation of digital assets, reallocating employees to other departments 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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