Introduction
The United States Securities and Exchange Commission (SEC) is showing a new face towards crypto. Under fresh leadership, meetings have started with firms openly supporting Donald Trump. The future of crypto regulation in the US might be about to take a dramatic turn.
SEC Engages Trump-Backed Firms in Crypto Talks
On 24 April, the SEC’s crypto task force held a meeting with Ondo Finance and the legal giant Davis Polk and Wardwell. These organisations have not only worked closely with Donald Trump but have also financially backed him.
The discussion focused on tokenized securities wrapped versions of publicly traded US assets. Ondo Finance wanted to talk about registration requirements, financial laws compliance, and even suggested the creation of a regulatory sandbox to help innovations thrive safely.
This meeting was not random. Ondo Finance had previously donated $1 million to Trump's inauguration, while Davis Polk is assisting Trump's Truth Social in launching crypto-related ETFs.
A New Direction Under SEC’s Leadership
Paul Atkins, recently sworn in as SEC Chair, is taking a different path compared to his predecessor, Gary Gensler. Early signs show the SEC might be softening its tough stance against crypto companies.
The agency dropped several investigations, including those involving Ripple, Coinbase, and Kraken all firms whose executives supported Trump’s 2024 campaign.
This new attitude will be in focus during a major roundtable on 25 April, where custody and digital asset security will be discussed with representatives from Kraken, Anchorage Digital Bank, WisdomTree, and others.
The SEC’s future actions under Atkins are still unclear, but many insiders expect more lenient policies towards crypto innovation especially among firms friendly to the Trump agenda.
AI-Powered Sentiment Analysis
Our AI analysis of this article revealed:
Sentiment Score: 0.61 (positive)
Financial Sentiment: 1.81 (very positive)
Polarity Score: 0.088 (slightly positive)
Subjectivity Score: 0.321 (fairly objective)
These scores suggest that the article carries an optimistic tone about the future of crypto regulation in the US. Financial sentiment is strong, indicating that the developments could be perceived as favourable for crypto markets. However, the subjectivity score shows that the report stays relatively grounded, mainly presenting facts and cautious optimism rather than hype.
Read More
Read the full article on https://cointelegraph.com/news/sec-crypto-task-force-ondo-finance-regulation
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Disclaimer
This article was generated using AI and reviewed for accuracy. The information presented is for educational purposes only and should not be construed as financial advice. Always consult with a professional before making investment decisions.