SEC Dropped Crypto Lawsuits to Protect Its Credibility, Uyeda Says
SEC Commissioner Mark Uyeda said the agency abandoned several crypto enforcement cases in early 2025 because its planned policy reversal could have left government lawyers defending positions the commission no longer supported. Speaking at the Psaros Center’s Financial Markets Quality Conference, Uyeda also questioned whether some actions were firmly grounded in law. The dismissed cases included proceedings involving Kraken, Ripple and Coinbase during his stint as acting chair.
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