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SEC Scales Down Crypto Enforcement Team: Reassigning Lawyers
The Securities and Exchange Commission (SEC) is reassigning more than 50 lawyers and staff, who were solely responsible for cryptocurrency enforcement actions, to other divisions, The New York Times reported yesterday (Wednesday), citing five anonymous sources. However, the agency has not confirmed anything officially. The move came after Mark Uyeda, appointed by the Donald Trump administration, took over as the acting chair of the regulator. Trump had already nominated Paul Atkins to the top regulatory role, but his appointment is pending Senate approval. The reshuffling of the SEC’s special unit for crypto ... (full story)