The NYU Pollack Center for Law and Business and Cornerstone Research reported that SEC enforcement activity dropped sharply in FY 2025, with both the number of actions and monetary settlements declining.

The United States is entering a new and dynamic environment for cryptocurrency activities. The incoming Trump Administration intends to address the regulatory vacuum and "legalize" activities in the space. It is unfortunate that the SEC, headed by outgoing SEC Chair Gensler, will leave US regulators (not just the SEC) unprepared at the SEC.

At the inaugural meeting of the Strike Force on Unfair and Illegal Pricing, SEC Chair Gary Gensler warned that artificial intelligence will challenge "all of our agencies ... to grapple with what this technology means when it comes to guarding against deception, fraud, and anticompetitive behavior."

In a letter to SEC Commissioner Gary Gensler, Senate Budget Committee Ranking Member Charles Grassley requested "increased transparency" and information "with respect to the resources dedicated by the SEC to processing whistleblower tips and claims."

Republicans on the House Financial Services Committee and the House Committee on Agriculture requested clarification from the SEC as to whether the Ethereum token, Ether, is a security.