A crypto advocacy group has called on the U.S. Securities and Exchange Commission to immediately begin reviewing all crypto-related investigations, Wells’s notices and ongoing lawsuits “on day one” of the incoming Trump administration.
The Digital Room Token Alliance, which lists Trump’s nominee for SEC chairman, Paul Atkins, as an advisory board member, said the new administration has presented the SEC with an opportunity to reset its “historically troubled relationship” with the digital asset industry.
“We must foster a culture of mutual trust — one where the digital asset industry can trust the SEC’s goals and the SEC can recognize that the majority of digital asset participants are trying to act responsibly,” it said in a statement on Dec. 18.
The SEC is still embroiled in legal battles with industry heavyweights including Binance, Coinbase, Consensys and Ripple. It has also sent Wells notices to Uniswap and Immutable, which could have major implications for tokens and the industry.
