New SEC Administration Has Dropped 12 Cases Against Crypto Companies

Since the start of this year, the SEC has dropped 12 cases against crypto companies, signaling a shift under Trump's administration, which began easing crypto regulations.

The U.S. Securities and Exchange Commission (SEC) has dropped 12 cases against crypto companies since the start of this year. These cases include Coinbase (NASDAQ:COIN), Consensys, Crypto.com, CyberKongz, Gemini, Helium (Nova Labs), Immutable, Kraken, OpenSea, Robinhood (NASDAQ:HOOD) Crypto, Uniswap Labs, and Yuga Labs.

Earlier this March, the SEC dismissed its lawsuit against Coinbase over claims that the exchange operated as an unregistered securities platform. The agency also dropped its case against Kraken without imposing any penalties or requiring changes to its business. Both dismissals were “with prejudice,” which signifies no possibility of future refiling.

As for the probes into Yuga Labs and OpenSea NFT platforms, they were closed with the SEC noting that NFTs fall outside its current interpretation of securities. This could be viewed as a significant win for the crypto industry.

For the other mentioned companies, the situation is nearly identical, with lawsuits being either dismissed or paused.

However, there are still two ongoing crypto cases. One is against Binance, which saw the agency sue the exchange for operating unregistered exchanges and other securities violations. Recently, both parties jointly requested a 60-day pause in their pending lawsuit to enable settlement discussions.

It’s a similar situation for Tron. The SEC’s case against the Tron Foundation, which began in December and alleges market manipulation and securities violations, is also paused for 60 days to allow for settlement talks.

How Does This Signal a Shift in SEC Crypto Enforcement?

With the new Trump-favored SEC administration, a notable change has occurred in the approach toward crypto.

For instance, during the previous SEC management, just last year, the agency imposed nearly $4.7 billion in fines against crypto companies. This marks a roughly 3% increase from 2023. To be fair, this was largely due to a massive billion-dollar settlement with Terraform Labs and its former CEO, Do Kwon.

According to the Social Capital Market report, in the period between 2013 and 2024, the SEC has issued over $7.42 billion in fines related to cryptocurrencies, with 63% of this amount taking place in 2024.

As such, the agency’s evolving stance on cryptocurrency regulation in 2025 signals a significant departure from previous enforcement-heavy approaches. It remains to be seen how far crypto regulation will progress in the coming years.

The post SEC Drops 12 Cases Against Crypto Firms This Year: What's Next? appeared first on Coin Edition.