The US Securities and Exchange Commission is preparing for a major shift in cryptocurrency policy under the incoming Trump administration.

According to Reuters, the Securities and Exchange Commission Preparing for review its enforcement procedures, and may freeze or even withdraw cases that do not involve allegations of fraud. The move would mark a stark departure for the outgoing second Gary Gensler chair Aggressive attitude In the crypto industry.

President-elect Donald Trump's choice to head the Securities and Exchange Commission, Paul Atkins, It is expected To lead these changes. Atkins, known for his cryptocurrency-friendly views, is expected to work closely with Republican Commissioners Hester Peirce and Mark Ueda, both of whom have been vocal critics of Gensler's regulatory approach.

Pierce and Ueda are said to be considering clarifying when a cryptocurrency should be classified as a security and reviewing ongoing enforcement cases. They are also discussing relaxing accounting rules that have discouraged companies from holding cryptocurrency assets on behalf of third parties.

Some changes may occur as early as next week Donald Trump Become president.

The SEC is also expected to seek public input to help craft new regulations tailored to the cryptocurrency sector. The effort reflects growing calls from the industry for clearer guidelines, with many companies arguing that current rules are outdated and inappropriate for decentralized digital assets.

Crypto transformation at the SEC

During Gensler's tenure, the SEC launched more than 80 enforcement actions against cryptocurrency companies, alleging that many of the tokens were unregistered securities. Critics say the crackdown has stifled innovation, while others say the campaign has stifled innovation I think it was necessary To reduce fraud and manipulation.

Industry observers expect the SEC's new leadership to maintain... Strict stance on fraud But adopt a more collaborative approach towards companies that comply with regulations. However, dismissing pending cases or rewriting existing rules may face legal and political challenges, which could delay the implementation of any changes.

Bitcoin (Bitcoin) to nearly $100,000, driven by growing optimism about Trump's cryptocurrency-friendly platform. As the SEC prepares to reshape its regulatory approach, the US cryptocurrency industry is preparing for a new and perhaps more favorable landscape.