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SEC’s decision to drop its Gemini investigation reflects a broader shift in its approach to crypto enforcement under the leadership of Mark Uyeda, with recent closures against Robinhood, OpenSea, Uniswap and Coinbase (pending approval)

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The move comes amid a wave of cancelled lawsuits against and paused investigations into crypto firms as the regulatory tide undergoes a sea change following President Trump's election. In recent days, the SEC has withdrawn cases against Coinbase, OpenSea, Robinhood and UniSwap
Since former SEC Chair Gary Gensler stepped down on Jan. 20, Acting Chairperson Mark T. Uyeda has steered the SEC toward rolling back enforcement actions initiated against the crypto industry during the Biden administration. Republican Commissioner Hester Peirce was tapped to lead a crypto task force to engage with several firms previously targeted by the SEC and is working with industry representatives to write crypto-specific rule

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Crypto news

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