New York Times Investigation: Internal Strife, Favoritism... What Details Lie Behind Trump's 'Crypto Amnesty'?
An investigation by The New York Times reveals a dramatic shift in the U.S. SEC’s enforcement approach toward the cryptocurrency industry following former President Donald Trump's return to office. The analysis of court records and internal documents shows the SEC halted, dropped, or softened more than 60% of ongoing crypto cases inherited from the Biden administration.
Notably, the agency dropped seven cases outright—five of which involved defendants with public ties to Trump—and made concessions in seven others. In contrast, it maintained its legal stance only in cases where no clear connection to Trump existed. The SEC defended the policy reversal as based on legal and jurisdictional concerns, not political favoritism.
The report highlights that multiple companies that benefited from the SEC’s pullback had financial links to Trump or his family—including through his cryptocurrency venture, World Liberty Financial—or had contributed to his political efforts. Examples include Binance, Ripple, Tron, Cumberland, and Gemini, operated by the Winklevoss twins.
Under the Biden administration, the SEC filed 105 crypto-related cases, compared to zero since Trump’s return. Current and former SEC officials expressed concern that the agency’s retreat risks undermining investor protection and encouraging unchecked industry practices.
比推12/15 21:44
