[Analysis] "SEC Coin Lawsuits to Decrease Under Trump Administration"

There is speculation that cryptocurrency-related lawsuits by the U.S. Securities and Exchange Commission (SEC) will decrease under the second Trump administration.

According to The Block on the 26th, Theresa Goody Guillén, former SEC litigation counsel and partner at BakerHostetler law firm, stated that "the SEC will reduce lawsuits against cryptocurrency companies next year." Guillén added, "It is expected that non-fraudulent (lawsuit) cases without investor losses and cases aimed at creating new precedents will decrease."

Guillén's judgment is based on President-elect Donald Trump's 'pro-cryptocurrency stance.' Earlier this month, Trump nominated former SEC Commissioner Paul Atkins as the next SEC chairman. Atkins, who served as an SEC commissioner from 2002 to 2008, led Potomac Global Partners, a consulting firm with clients in the cryptocurrency industry, which is why he is considered pro-cryptocurrency.

There is also analysis that the SEC, which was pushing for stronger cryptocurrency regulations, will significantly change its policy direction after the inauguration of the second Trump administration. Allison Mangiero, executive director of the U.S. Blockchain Industry Association (POSA), said, "Atkins understands cryptocurrency well," and "we will see an SEC with clearly different priorities from the one led by Gary Gensler." Gensler, the SEC chairman, plans to resign next month when the second Trump administration is inaugurated.