Under President-elect Donald Trump, cryptocurrency enforcement is expected to take a backseat as immigration becomes a top priority.
At a New York conference, legal experts indicated that the Justice Department and regulatory agencies, including the SEC and CFTC, may reallocate resources away from crypto-related crimes.
Scott Hartman, of the U.S. Attorney’s Office in Manhattan, noted a reduced focus on crypto cases compared to the active enforcement seen during the 2022 “crypto winter.” Former SEC enforcement chief Steve Peikin also predicted a significant shift in priorities under Trump.
Leadership changes, such as Trump’s plan to nominate Jay Clayton as U.S. attorney for Manhattan, may further signal a less aggressive stance on crypto. Current high-profile cases against firms like Coinbase and Binance could be affected if regulatory leadership shifts.
While agencies like the SEC and CFTC will continue addressing fraud and manipulation, their crypto caseloads are expected to decrease, reflecting Trump’s broader campaign agenda.
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