Hester Peirce and Mark Uyeda, Republican members of the Securities and Exchange Commission (SEC), are reportedly evaluating ongoing enforcement actions against cryptocurrency firms.
They are exploring steps to establish clearer guidelines on when cryptocurrencies are classified as securities, anticipating changes under the incoming Trump administration. According to sources cited by Reuters, Peirce and Uyeda may begin this regulatory process even before Donald Trump’s SEC chair nominee, Paul Atkins, is officially confirmed. Both commissioners have prior experience working under Atkins, which is expected to facilitate a smooth collaboration as they discuss potential shifts in crypto policy.
Additionally, there are reports that the SEC might pause certain litigation cases, particularly those unrelated to fraud allegations. This potential freeze has garnered attention from industry figures, including crypto entrepreneur Justin Sun, who posted a cryptic “” on X, seemingly reacting to the news.
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XRP’s Surge Fuels Speculation of Overtaking Ethereum Sun, currently embroiled in an SEC lawsuit, recently acquired a significant stake in Trump-endorsed crypto project World Liberty Financial, where he was subsequently named an advisor. As part of his new role, Sun plans to attend events related to Liberland, the self-proclaimed microstate where he serves as prime minister, during Trump’s inauguration week.
