Trump Effect...U.S. SEC Halts 11 Cryptocurrency Lawsuits and Investigations
Summary
- The U.S. SEC has halted numerous cryptocurrency-related lawsuits and investigations following the inauguration of the Trump administration.
- A total of 11 cryptocurrency-related lawsuits and investigations have been halted, with the lawsuit against Coinbase being a prime example.
- The SEC's investigations into Robinhood, Uniswap, and Consensus have also been suspended.
The U.S. Securities and Exchange Commission (SEC) has reportedly halted numerous cryptocurrency-related lawsuits and investigations following the inauguration of the Trump administration.
Crypto analytics platform Unfolded announced on the 7th through its official X account that "the SEC has dismissed or temporarily suspended lawsuits and investigations targeting cryptocurrency companies."
According to Unfolded, a total of 11 cryptocurrency-related lawsuits and investigations have been halted since Donald Trump took office as U.S. President. A prime example is the lawsuit against cryptocurrency exchange Coinbase, which the SEC withdrew last month. The SEC has also recently suspended investigations into Robinhood, Uniswap, and Consensys.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
