A crypto advocacy group, the Digital Chamber’s Token Alliance, has urged the United States Securities and Exchange Commission (SEC) to review all existing crypto-related investigations, Wells notices, and ongoing lawsuits from the beginning of the new Trump administration. The group, which includes Trump’s nominee for SEC Chair Paul Atkins as an advisory board member, said the new administration presents an opportunity for the SEC to reset its “historically troubled relationship” with the digital asset industry.
The recommendation to review all existing investigations is part of a list of proposed priorities for the SEC during the first 90 days of the new administration. Other priorities include seeking stays for ongoing litigation cases that don’t involve actual fraud, investor loss, or risk of imminent harm, rescinding the 2019 framework on how the Howey test’s investment contract prong applies to digital assets, and formally declaring that the SEC no longer refers to the Hinman speech to conduct such analyses.
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