Former SEC Acting Chair: Agency Dropped Crypto Cases to Avoid Credibility Issues
Key Highlights The SEC dismissed enforcement actions against major cryptocurrency firms including Kraken, Ripple Labs, and Coinbase in early 2025 to preserve agency credibility ahead of a planned “180-degree change” in regulatory policy. Former Acting Chair Mark Uyeda stated that allowing litigators to argue positions in court that contradicted forthcoming Commission interpretations would have damaged ...