According to a January 15 Reuters report, the Trump administration might review the SEC’s ongoing crypto cases in its first few days. Cases alleging only securities law violations, without fraud allegations, could potentially be frozen.

After January 20, the resignations of SEC Chair Gary Gensler and Commissioner Jaime Lizárraga will leave the regulator with only three members until Trump appoints new ones.

SEC and Crypto Companies

SEC Commissioners Hester Peirce and Mark Uyeda may reevaluate securities definitions and ongoing cases involving crypto firms under the Trump administration.

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In 2020, under former SEC Chair Jay Clayton, the commission filed a lawsuit against Ripple Labs, alleging the company used XRP tokens as unregistered securities. During Gary Gensler’s tenure, lawsuits were filed against other U.S.-based crypto companies like Coinbase, Binance, Celsius, BlockFi, and Consensys.

What Will SEC Look Like in 2025?

Caroline Crenshaw, a Democratic SEC commissioner appointed in 2020, is expected to remain at the agency until the end of 2025. While Democratic senators attempted to confirm her for another five-year term during their majority, Republican lawmakers reportedly blocked the effort.

As part of his campaign promises, Trump pledged to remove Gary Gensler, signaling support for the crypto industry. After his election victory, Trump announced plans to appoint an AI and crypto czar and replace the current SEC Chair.

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