During his campaign, President-elect Donald Trump promised to ease up on crypto enforcement. This means that while crypto fraud cases won’t be ignored, they won’t be top priority. The focus of government agencies and departments will likely shift to areas such as immigration law enforcement. Scott Hartman, co-chief of the securities and commodities task force at the US Attorney’s Office in Manhattan, says that fewer resources will be dedicated to crypto-related crimes, which means fewer prosecutors will be working on such cases.
Steve Pelkin, a partner at law firm Sullivan & Cromwell, who led SEC enforcement during the previous Trump presidency, suggests there could be a reallocation of substantial resources to immigration enforcement. These comments come after Trump said he would nominate Jay Claton, who served as the US Securities and Exchange Commission (SEC) chair under the previous Trump administration, to be the new US attorney in Manhattan.
