The U.S. Securities and Exchange Commission (SEC) is reportedly withdrawing from several lawsuits and investigations involving cryptocurrency firms. This shift comes under the leadership of President Donald Trump, who has signaled a more lenient approach towards the crypto industry. Notably, the SEC has dropped a case against a crypto firm with connections to Trump, according to the firm's CEO. This development marks a significant departure from the previous regulatory stance, as the SEC had been actively pursuing legal actions against various crypto entities. The SEC's decision to dismiss or pause these legal challenges reflects a broader trend of easing regulatory scrutiny in the cryptocurrency sector.