The Trump administration is scaling back its enforcement of white-collar crimes, particularly in the areas of foreign bribery, public corruption, money laundering, and cryptocurrency markets. This shift, confirmed by multiple sources, includes the disbanding of the U.S. Department of Justice's (DOJ) crypto-specific enforcement unit, which will now focus on clear cases of fraud and criminal activity rather than broader regulatory violations. The administration is redefining what constitutes criminal business conduct, which could impact ongoing cases and the regulatory landscape for cryptocurrency firms. The U.S. Securities and Exchange Commission (SEC) is also reportedly ending numerous lawsuits and investigations against major crypto companies, signaling a departure from the previous regulatory approach under former Chair Gary Gensler. This new pro-crypto stance may benefit firms such as Adani Group and Cognizant, as well as others involved in the cryptocurrency space.
The SEC has dropped 10 crypto cases in Q1 including: - Ripple - Helium - Kraken - Coinbase - Consensys - Uniswap - Gemini - Opensea - Robinhood - Immutable https://t.co/WCU2vhReSf https://t.co/V8018dLVgP
Department of Justice Releases Compliance & Enforcement Guidance on Data Security Program https://t.co/0YYs8zvaDK | by @Mayer_Brown
Insurance #Cybersecurity Certifications: An (Updated) State Roundup https://t.co/vhLGhdWlZk @tysonbenson #insurancelaw #statenews https://t.co/KzS1fH0gV3