Crypto advocacy group calls on SEC to reconsider cryptocurrency investigations and lawsuits on Trump's first day in office

A crypto advocacy group has called on the U.S. Securities and Exchange Commission (SEC) to immediately review all existing crypto-related investigations, Wells notices, and ongoing litigation on "Day 1" of the Trump administration. The Chamber of Digital Commerce's Token Alliance said in a statement that the new U.S. government will provide the SEC with an opportunity to reset its "historically problematic relationship" with the digital asset industry. Notably, Trump's nominee for SEC chairman, Paul Atkins, is one of the alliance's advisory board members. "We need to foster a culture of mutual trust - giving the digital asset industry confidence in the SEC's intentions while recognizing that most digital asset participants are working to operate responsibly," the alliance said in a statement on December 18. (Cointelegraph)