Ex-SEC Acting Chair: Agency Dropped Crypto Cases to Avoid Issues with Credibility

Ex-SEC Acting Chair: Agency Dropped Crypto Cases to Avoid Issues with Credibility

Commissioner Mark Uyeda, who led the SEC in early 2025, explained why the agency ordered cases against Kraken, Ripple Labs, Coinbase and other crypto companies to be dropped.

Agency Dropped Crypto Cases to Avoid Issues with Credibility

Mark Uyeda, who served as acting chair of the US Securities and Exchange Commission (SEC) before Paul Atkins’s confirmation, said the agency dropped civil cases against cryptocurrency companies filed under the previous administration because it was preparing a “180-degree change” in rulemaking. In a Wednesday panel at the Psaros Center for Financial Markets and Policy’s […]

SEC Drops Kraken, Coinbase, and Ripple Cases Over Credibility Fears, Says Ex-Acting Chair

Mark Uyeda didn’t mince words. The former acting chair of the U.S. Securities and Exchange Commission said the agency pulled… Read the original on SEC Abandons Kraken, Coinbase, and Ripple Cases to Protect Credibility, Ex-Chair Reveals. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Former SEC Acting Chair Says Crypto Cases Were Dropped Over Credibility Concerns

The U.S. Securities and Exchange Commission (SEC) has moved to dismiss civil enforcement actions against multiple crypto-related companies that were filed under the prior administration, according to SEC Commissioner Mark Uyeda. Speaking at the Psaros Center for Financial Markets and Policy’s Financial Markets Quality Conference, Uyeda said the agency’s decision was tied to an intended [...]