SEC crypto enforcement drops by 60%, policy reversal or expectation adjustment?

【Crypto World】There has been a quite interesting industry controversy recently. A senior legal executive from a leading platform publicly challenged The New York Times on Twitter, claiming that their report about the SEC relaxing cryptocurrency enforcement contains contradictions.

The data in the report is indeed startling—over 60% decline in enforcement cases, with lawsuits against several top exchanges being suspended or withdrawn one after another. This scene indeed looks like the wind is turning. But the key point is that the report itself admits it cannot find evidence of White House pressure, which makes it a bit awkward.

However, industry insiders are divided into two camps. Some analysts point out that this is not a political maneuver at all, but a normal correction after years of legal theoretical clashes. The SEC’s regulatory approach has undergone so much controversy and discussion over time, so policy adjustments are a natural progression. In plain terms, this is the result of the evolution of legal logic, not some behind-the-scenes manipulation by anyone.

Regardless, this shift in trend is indeed changing. For the entire crypto industry, the easing of enforcement pressure is worth paying attention to. The underlying reasons are still being fought over by various parties.