So, it looks like there's some good news coming from the SEC. ConsenSys just announced that they’re on the same page with the SEC about dropping the case regarding MetaMask. If the Commission gives the green light, the SEC will file a motion with the court to wrap this up.
Then there's Gemini. They got word from the SEC that their investigation is officially closed, and no enforcement action will be taken against them. Pretty wild considering it took 699 days since the investigation kicked off and 277 days after they got the Wells Notice.
Justin Sun's case is still available for those interested in the details, but it looks like things are cooling down there too.
Uniswap Labs also shared that their investigation has been closed, so no action from the SEC on that front either.
Robinhood confirmed that they’re out of the SEC's crosshairs as well, which is a sign that the regulatory scene might be easing up a bit for crypto.
Coinbase is also in the clear. They reached a deal with the SEC to dismiss their litigation, and if the Commission approves it, they'll walk away without any fines or changes to how they operate. Sounds like a win for them.
Lastly, OpenSea mentioned the SEC is wrapping things up too, indicating they won’t be facing any enforcement actions.
I saw some on the news but not all. It can be seen that the present United States government are friendly with cryptocurrencies and crypto businesses. But I wish SEC can have its own power beyond president control. I have noticed what the president wants is what the SEC will do because the president appoints the SEC chairman.
I hope what the SEC is doing now is good but I do not like how they may be seeing altcoins that are securities as commodities.
I just hope that with these news we don't get the next FTX buying stadiums and advertising on super bowl ads.
It's highly probable that such thing could happen with the current way things are going. If government bodies and enforcement agencies are weakened then many things could go wrong. There are some consumer protection laws but if there is absolutely no enforcement disasters can happen. If we get more schemes like Celsius to collapse and make people lose money then crypto will lose a lot of credibility.
How is the Trump administration planning to avoid these situations? Will they utilize the SEC's lawyers for some examplementary prosecutions like against Mashinsky at least?
I'm sure Trump also doesn't want to undermine traditional securities markets and investing so probably he doesn't want another ICO bubble taking place. However with the relaxed enforcement more US nationals may feel comfortable to try and start an ICO. At the very least officials in the US could make ewsier the process to have a sanctioned investment offering.
So Trump has started delivering it seems!
It's great to see such great series of news. Under Biden administration, SEC was very proactive in lodging cases and allegations against the crypto exchanges. Their actions essentially raised questions around the feasibility of conducting crypto businesses from US.
It's great to see these things have started dropping out. This is positive!
I hope there would be a balance in all of this, it is good if there is no aggressive regulation, but if the sec is 'weakened', there would be a lot of scam services and coins thriving, and in the end we would start complaining about what we are celebrating right now. Trump and his wife even created a memecoin which was a disaster, i am sure that is not the free-for-all industry we all want.
Is this a scam meme token or not?
Donald Trumps crypto project netted $350mn from presidential memecoin
https://www.ft.com/content/cb1def8f-53a6-478e-9b3e-33c383b29629
The companies on my list can hardly be called scam services, but nevertheless they all like to mow down hamsters
No one said that these companies are scams, but the current suspension of prosecutions against them does not mean that they are innocent of the suspicions and charges issued against them by the SEC. What is happening now is a suspension of the consequences and ongoing investigations in all these cases, not decisions resulting from the conclusion of the investigations. This opens the door to many questions regarding the independence and transparency of the authority and its role in this market. Crypto-friendly policies do not mean stopping legal prosecutions because these prosecutions are supposed to derive their legitimacy from US law and not from the bias of the political administration policies.
What we're seeing here is the reflection of the US President-elect's stance toward cryptocurrency, especially Bitcoin, and in some of my previous post I once said that "the major problem we have in the crypto space is the government stance" if the government support and acknowledge crypto most of the lawsuit against crypto related business wont have happened instead of the lawsuit what the government will work on is solution.
SEC dropping most of their lawsuit against crypto platforms is a win-win for everyone, and I believe we will see something better than this in the future before Trump leaves office.
I don't really understand what you are trying to say if you are using legal terms.
There is a concept of suspension and close of a case against a company.
If a legal case is closed, this means that no repeat claims are allowed unless new circumstances come to light that were not previously known.
The term closed is used in the news, it means ending If I am misunderstanding US law, please correct me.
So from this on forward, I think the SEC would come after those who have proven that they are scamming customers. Because this is a great step from being more accepting with the cryptocurrencies and that they have been able to make amends with those companies.
Are there current filings right now that are legitimately worthy of investigation?
I can think of a few more, but this is the most interesting example
https://www.msn.com/en-us/news/politics/senate-democrat-slams-trump-s-grift-meme-coins/ar-AA1Ap8OR
"Sen. Chris Murphy (D-Conn.) slammed President Trump for his launch of a meme coin in January, suggesting it might be the biggest White House corruption in a century.
In a video posted to social platform X on Thursday, Murphy said, This is a pure grift, while showing graphics of an official advertisement promoting the meme coin.
Trump launches this coin right before the inauguration. Why? Because he wants to make sure that his MAGA supporters who are like wild with enthusiasm about the inauguration would buy up a ton of the coin at the outset, Murphy said in the video."
This is good news for crypto companies even though some think that it points to the suspicion that The SEC has been weakened by the pro-crypto stance of the Trump administration. This is not strictly true because some SEC commisioners such as commissioner Hester has always maintained that the agency went to extremes in its regulation by enforcement stance. Presently it is working with its Digital assets Task Force to ensure that realistic measures are put in place to protect investors while ensuring fraud are prevented. I think that thte Trump administration intends to place the US as a leading jurisdiction in terms of crypto friendliness and innovation.
I believe this revolves around the MEME Act by the House of democrats, right? The "Modern Emoluments and Malfeasance Enforcement (MEME) Act"
Which enforces prohibitions, penalties, promotions, etc., for people in public offices. I saw this article about this here.
https://liccardo.house.gov/media/press-releases/congressman-and-former-federal-prosecutor-sam-liccardo-introduces-bill
It's pretty alarming that many people have been affected, and regulating bodies like the SEC might make some changes with digital assets.
https://natlawreview.com/article/staff-statement-meme-coins-signals-significant-shift-sec-position-digital-assets
Let's all wish the SEC to finally figure out what utility and security tokens are, as well as what meme tokens are. Because in some cases, like with Ripple, the SEC is already questioning past decisions
https://bitcointalk.org/index.php?topic=5487767.msg65163483#msg65163483
SEC Drops Lawsuits
It is very clear that the Biden administration doesn't really like about the crypto space and Gary Gensler is has same party as Biden and that is Democratic according Wikipedia.
Trump in the other hand choose Mark Uyeda as the head of SEC at least for now and trump loves crypto at this moment tho the tariff war made crypto is not pump like it used too.
after in the office Uyeda also "SEC Acting Chairman Mark T. Uyeda launched a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets." https://www.sec.gov/newsroom/press-releases/2025-30
And I read that they are also considering their case against Binance:
https://www.reuters.com/legal/us-sec-case-against-crypto-exchange-binance-put-hold-2025-02-13/
But let's see after 60 days, but if we look at history now, this could be another case that they are going to drop.
https://www.reuters.com/sustainability/boards-policy-regulation/us-sec-voluntarily-dismisses-lawsuit-against-binance-2025-05-29/
US SEC dismisses lawsuit against Binance crypto exchange
"SEC dismisses lawsuit with prejudice
Binance says regulation by enforcement stifles innovation
SEC previously dismissed case against Coinbase exchange
May 29 (Reuters) - The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, extending the regulator's new approach to cryptocurrencies since President Donald Trump reentered the White House.
A joint stipulation of dismissal signed by lawyers for the SEC, Binance and Binance founder Changpeng Zhao was filed in the Washington, D.C., federal court."
SEC, Gemini Trust reach agreement over crypto lending dispute
Almost three years after the SEC filed a complaint involving allegations with the Gemini Earn product, the crypto company and regulator said they had reached a potential deal.
https://cointelegraph.com/news/sec-gemini-trust-agreement-unregistered-securities
"The US Securities and Exchange Commission (SEC) and Gemini Trust Company filed a status update in court, letting a federal court know they had reached a resolution in principle to resolve a securities case stemming from a 2023 complaint.
In a Monday filing in the US District Court for the Southern District of New York (SDNY), the SEC and Gemini Trust said that, subject to review and approval by the commission, the two parties requested that all litigation in the civil case be indefinitely stayed.
The filing stated that both parties would file another status report if the case werent resolved by Dec. 15."