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SEC Cryptocurrency Policy Shift, Potential Legal Actions Halted

As Donald Trump’s inauguration approaches, the U.S. Securities and Exchange Commission (SEC) is poised to make major changes to its policies on cryptocurrencies, according to Reuters.

SEC Commissioners Hester Peirce and Mark Uyeda are considering new rules that would determine when a cryptocurrency qualifies as a security.

New SEC Chairman Paul Atkins is expected to end the hardline approach of former SEC Chairman Gary Gensler.

Gensler, who had a strained relationship with the cryptocurrency industry during his tenure, will step down at the same time as Trump’s inauguration.