00:00It's Benzinga, bringing Wall Street to Main Street
00:02The SEC's pullback from cryptocurrency enforcement after Trump returned to office
00:06has sparked debate between regulators, industry leaders, and market observers.
00:11The New York Times reported the SEC inherited 23 active crypto cases
00:15and retreated from 14 through dismissals, freezes, or settlements,
00:20an approach described as unusual for the agency.
00:23Former SEC trial counsel Christopher E. Martin called the move a surrender that left investors
00:28unprotected, while the Times reported internal resistance and disengagement
00:32among senior officials during the transition.
00:34Analysts said the shift reflects a philosophical change following leadership turnover,
00:39not political influence, as markets increasingly focus on regulatory clarity over litigation outcomes.
00:45The report said it found no evidence of pressure from Trump, the White House, or crypto firms.
00:49For all things money, visit Benzinga.com.
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