The SEC has recently reassigned over 50 lawyers from its cryptocurrency enforcement unit, signaling a shift in focus.
Jorge Tenreiro, a top crypto litigator, was moved to the IT department, indicating a significant change in the SEC's approach to crypto regulation.
This move coincides with the launch of a new Crypto Task Force website aimed at providing clarity on crypto laws.
The SEC's enforcement efforts are being scaled back, with a new emphasis on regulatory clarity rather than aggressive enforcement.
The reassignment and establishment of the task force suggest the SEC is moving towards a more balanced regulatory approach, potentially ending the aggressive stance known as "Crypto Choke Point 2.0".
This shift comes under the leadership of Acting Chairman Mark T. Uyeda, who is known for being supportive of the crypto industry.
