The SEC's new leadership, under Acting Chair Mark Uyeda, has halted new enforcement actions against crypto firms, except in cases involving fraud.
This represents a shift from the aggressive regulatory approach of former Chair Gary Gensler.
Crypto cases involving major players like Coinbase, Kraken, and Ripple are reportedly under review and may be dropped or settled.
The new SEC leadership is also expected to provide clearer crypto asset classification, bringing more clarity and potentially sparking innovation and investment in the industry.