The Trump team is reviewing some of the SEC’s pending encryption cases and may freeze lawsuits that do not involve fraud allegations

PANews, January 15, Reuters reported that the Trump administration’s SEC team has reviewed some encryption enforcement cases pending in court and is expected to overhaul encryption policies and may freeze some lawsuits that do not involve fraud allegations.

Top Republican officials at the SEC are preparing to begin reforming the agency’s cryptocurrency policy as early as next week after Trump takes office, people familiar with the matter said. Among the measures being considered by commissioners Hester Peirce and Mark Uyeda are initiating procedures that could ultimately lead to guidance or rules clarifying the circumstances under which the agency considers cryptocurrencies to be securities and reviewing some of the cryptocurrency enforcement cases currently before the courts.