Trump’s SEC Is Ending Crypto Lawsuits and Investigations—These Are the Biggest

The momentum in the battle that lasted for years has shifted between encryption companies, protocols, the US Securities and Exchange Committee under the new Trump administration.

The organizer who now has a file The encryption workplace Under the leadership of the industry lawyer, Hester Peres has long been away from what Pierce and others called “Implementation Organization” into less enemy connections with encryption.

So far, these words have recently applied with SEC about battles with many higher encryption companies. Below are the biggest axes, repercussions, and exit so far under Trump.

Binance

After a joint request, he was granted an American boycott judge Stop for 60 days In its ongoing legal battle with SEC, giving both parties the opportunity to reassess the changing organizational scene.

Residence is valid until April 14, and then both parties will need to submit a case report. Since the residency granting, the Supreme Education Council has completed many other investigations and lawsuits, which may hint on what can be expected of the bank’s decision.

The stock exchange dealt with alleged issues of securities, money laundering and compliance penalties at least 2023, which led to two separate settlements for 4.3 billion dollars and $ 2.7 billionrespectively.

The issue of making encryption rules

On February 17, the Supreme Education Council I voluntarily dropped a call In the event that it revolves around the regulations previous attempts to expand securities laws to decentralized financing applications (Defi) and users.

The appeal was submitted after a federal judge in Texas fired at the definitions of the illegal expanded regulator, noting that he was confused by Defi merchants with financial brokers.

The leak appeal that the Defi protocols do not need registration at SEC to securities, which leads to Christine Smith, CEO of Blockchain Association to contact them.Complete and complete victory.“

Coinbase

It was the leadership of the American Crypto Excination Coinbase A lawsuit officially rejected By the Supreme Education Council in February.

The lawsuit, which It was presented in 2023He claimed that the platform is operating on the purpose of exchanging unregistered securities, especially the distinctive symbols such as Solana and the polygon in this process.

In its statement in this step, the committee He said this decision “It depends on his judgment on the fact that the chapter will facilitate the efforts of the continuing committee to reform and renew its organizational approach in the encryption industry.”

“There will not be a compromise or a compromise – it is simply to be true,” said Paul Gioral’s legal legal president.

Opensea

His Supreme Education Council End At NFT Marketplace, the company said in February, where the charges that they claimed were dropped as an unlicensed securities. The platform indicated this Wales notice received From the organizer in August 2024, it indicates that SEC will take action against it.

“This is a victory for everyone who creates and builds in our area,” said Divin Venzer, CEO of Opensea. “The attempt to classify NFTS as securities was a step back – one offends the interpretation of the law and slowed innovation.”

Rubnafol Checks

second Investigation of Robinhood–One should not open the platform – with no action by the organizer.

“As we explained to the Supreme Education Council, any case against Robenol Chefro was failing,” said Dan Gallagher, chief legal affairs official in Robenol affairs. “We appreciate the official closure of this investigation, and we are happy to see a return to the rule of law and a commitment to fairness in the Supreme Education Council.”

The company was notified of a possible enforcement in May 2024 When he received Wales notification from the SEC Gary Gensler.

Uniswap labs

UNISWAP LABS, Ethereum Dependralized ExchangE Uniswap, said in February that SEC has to have SEC. End In the organization without any fees.

Like other leading encryption institutions, uniswap labs Wales notice received In April 2024, which claimed that it was working as an unregistered securities, exchange, and the clearing agency, which enabled the sale of unregistered security.

CEO Hayden Adams said that the investigation has ended, as all claims have been dropped above.

“They went after us despite the lack of a clear legal basis, as part of an arbitrary enforcement strategy to try to force Defi on an organizational framework that is not appropriate – with the refusal to provide clear rules or a path to compliance.” Posted on X. “This is a big victory, not only for UISWAP laboratories but for Defi as a whole.”

Gemini confidence

A Two -year investigation At Gemini Trust about the sale of unregistered securities that ended last week without enforcement from the committee.

The co -founder of Gemini Cameron Winkelvos noted the teacher, however He said “He does not do much to compensate for the damage caused by this agency to us, our industry and America.”

Winklevoss estimated that the organizer cost his company “tens of millions in legal fees and hundreds of millions in lost productivity, creativity and innovation.”

Justin Sun/Tron

Like Binance, JUSTIN Sun and Tron Join a joint movement In addition to the Supreme Education Council to remain temporarily in the case of the organizer, in the hope of finding a decision.

The case stems again until 2023 when SEC claimed that SUN has achieved more than 600,000 washing halls to create a TRX misleading sizes that led to about $ 32 million of profits. The joint deposit indicates that the decision will be useful due to “preserving judicial resources”.

consysys

The committee agreed to this. Put an end to her lawsuit Against the company, which focused on savings features inside metamask.

The separation was agreed upon in principle, but it requires the approval of the Commissioners – similar to the organizer’s activity with Coinbase.

“We were committed to fighting this lawsuit until the bitter end, but we welcome this result,” said Joseph Lubin, founder and CEO of Conssysys. On x. “Now we can return 100 % to construction. 2025 will be the best year so far for Ethereum and Conssys.”

(Detection: Conssysys is One of 22 investors In decoding independent editorial.)

Edited by James Robin