- Coinbase and Robinhood said in recent days the SEC is backing off of attempts to regulate their crypto businesses.
- That’s prompted excitement in the industry that Trump is making good on promises of lighter regulation.
- Sources say there are three things to watch out for as the crypto regulatory regime shifts.
The Securities and Exchange Commission’s dropping of its lawsuit against Coinbase and its investigation into Robinhood’s crypto business are laying the groundwork for a major regulatory regime change, sources said.
The first sign that the winds of change were blowing came on Friday, when Coinbase, the largest US crypto exchange, said the agency was dropping its lawsuit claiming it was an unregistered brokerage. The message of looser regulation was strengthened after Robinhood said Monday that the SEC would end its investigation into its crypto unit.
And there’s likely more change on the…
