Good News for Crypto? US SEC to Scale Back Its Enforcement Division

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The SEC is scaling back its special unit of more than 50 lawyers and staff members that were responsible for bringing crypto enforcement actions, according to a Feb. 4 New York Times report citing people with knowledge of the matter. Some of the lawyers in the crypto enforcement unit are being assigned to other departments in the agency, the report noted , adding that one of its top litigators was moved out, with others describing the move as “an unfair demotion.” One of the first things the new...