The U.S. SEC has dropped 60% of the crypto cases inherited from the Biden era, most of which have business ties to the Trump family

According to the New York Times, when Trump returned to the White House, over 60% of the cryptocurrency cases the SEC was handling at the time received leniency, with the SEC taking action to suspend lawsuits, reduce penalties, or dismiss cases outright.

The SEC has ceased actively pursuing any companies associated with Trump. For companies that have business dealings with the Trump family's cryptocurrency ventures or have donated to his political campaigns, the SEC has made concessions. The only remaining cryptocurrency cases the agency has are against some obscure defendants with no clear ties to Trump.

Statistics show that during Biden's term, a total of 105 cryptocurrency cases were filed, while Trump’s first term saw 50 cases, and no cryptocurrency cases were filed during Trump’s second term. During Trump’s second term, the SEC dismissed 33% of the inherited cryptocurrency cases from the Biden era. In contrast, it only dismissed 4% of cases in other industries.

Overall, the SEC under Trump inherited 23 cryptocurrency cases—21 from the Biden era and 2 from Trump’s first term—and has withdrawn 14 of them, eight of which were against defendants connected to Trump or his family, with those connections established shortly before or after their cases were resolved.

SEC Commissioner Hester Peirce stated in an interview that the decision to dismiss many of these cases was about correcting mistakes, with no political or financial considerations involved.