A federal judge has interrupted a high -level trial between 18 general prosecutors of the Republican State, the DEFI education fund and the American Securities and Exchange committee), citing the change of leadership of the agency. The trial, lodged after Donald Trump’s electoral victory in 2024, said that the SEC had overexclusively targeting the exchanges of crypto, relating to the regulatory rights of states on digital assets.
On Wednesday, the SEC file refers to the confirmation of Paul Atkins as a new president, suggesting that the transition of leadership could lead to a resolution. In response, the court suspended all deadlines for 60 days and ordered the parties to submit a joint situation report within 30 days.
The original complaint stressed that the States have developed their own executives to supervise digital asset platforms, such as money transmitter and liquidity insurance license requirements. The trial also argued that the Congress had constantly refused to grant the broad authority of the SEC on cryptographic industry, strengthening the regulatory autonomy of states.
Meanwhile, Congress is preparing to consider legislation on the structure of the cryptographic market which can further define the roles of federal surveillance. In related development, the SEC has recently dropped or interrupted application measures against more than a dozen cryptographic companies, signaling a broader change in approach under the new administration.
In addition, a separate legal action against the Internal Internal Service (IRS) on its Defi Courtier rule was rejected on the same day. Placed by the DEFI education fund, Texas Blockchain Council and the Blockchain Association, the case was made OOT after President Trump signed a resolution of the Congress Act canceled the IRS rule – the first legislation linked to the cryptocurrency promulgated during its presidency.
These developments mark a significant pivot in the regulation of American cryptos, potentially softening the federal pressure on decentralized and blockchain innovators.
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