U.S. SEC Republican Commissioner hints at a regulatory shift in 2025, which may reduce enforcement力度 against the cryptocurrency industry

ChainCatcher news, according to Blockworks, as current chairman Gary Gensler is set to depart, the U.S. Securities and Exchange Commission (SEC) retains only Republican commissioners Hester Peirce and Mark Uyeda, awaiting Senate approval of new commissioners nominated by Trump.

Peirce stated at the Blockchain Association Policy Summit that the SEC's regulatory stance on the crypto industry will undergo a significant shift, with a reduction in reliance on enforcement measures expected. Uyeda pointed out that there is currently a lack of regulatory transparency, particularly regarding the SAB 121 policy, which requires digital asset custodians to report liabilities and corresponding assets but has not undergone the public comment process mandated by the Administrative Procedure Act.

Although Congress attempted to overturn the policy, it was ultimately vetoed by President Biden. Peirce acknowledged that policy adjustments are not easy, but believes that the joint efforts of regulators and the industry can achieve the goals.