"Relax regulatory oversight! The SEC may abandon enforcement actions, marking a significant turning point for the industry"
Next year, the U.S. Securities and Exchange Commission (SEC) will undergo important changes, with a smaller team of commissioners taking over, awaiting the confirmation of President Trump's nominees. Among the current commissioners, Hester Peirce and Mark Uyeda will remain, becoming the only Republican members still in office at the SEC. Peirce noted that with the departure of SEC Chair Gary Gensler, the commission's policies towards the cryptocurrency industry will undergo a profound shift.
At a recent Blockchain Association policy summit, Peirce mentioned, "We have a robust toolkit, and enforcement has always been our preferred tool." She emphasized that with the change in the composition of the new commission, the handling of future cases and policy direction will also be adjusted accordingly. Uyeda pointed out that the SEC has been committed to increasing the transparency of policy-making and providing the public with more opportunities to engage. He stated, "We have a responsibility to involve the public in the regulatory process."
This transformation means that the SEC will re-evaluate its stance toward the cryptocurrency industry, potentially bringing new hope to the sector. Especially after the Biden administration's refusal to overturn SAB 121, the regulatory outlook for the cryptocurrency industry has become more complex. The attitudes of Peirce and Uyeda seem to suggest that the SEC may create a fairer and more open policy environment for the cryptocurrency industry.
In 2025, as regulatory winds shift, it may be an opportunity for the cryptocurrency market to be reshuffled. Want to stay updated on the latest regulatory dynamics and predict market trends? Follow Mr. Qiu, and stay at the forefront of the cryptocurrency era!
