Crypto Advocacy Group Urges SEC Review Under New U.S. Administration

According to Odaily, a crypto advocacy organization has called on the U.S. Securities and Exchange Commission (SEC) to immediately review all existing crypto-related investigations, Wells notices, and ongoing lawsuits on the first day of the Trump administration. The Chamber of Digital Commerce's Token Alliance stated that the new U.S. government presents an opportunity for the SEC to reset its historically problematic relationship with the digital asset industry. Notably, Paul Atkins, a nominee for SEC Chairman under Trump, is a member of the alliance's advisory board. The alliance emphasized the need to foster a culture of mutual trust, where the digital asset industry can have confidence in the SEC's intentions, while the SEC acknowledges that most digital asset participants strive to operate responsibly. This statement was made on December 18, highlighting the potential for a new approach to regulation and oversight in the digital asset sector.