The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY). Hartman noted that while crypto cases will not be ignored, fewer prosecutors will handle them compared to the “crypto winter” of 2022 when digital asset prices collapsed and fraud cases surged. This shift comes as former SEC Chair Jay Clayton, known for a lighter approach to crypto regulation during Trump’s first term, is expected to replace Biden appointee Damian Williams as U.S. Attorney in Manhattan. Hartman suggested regulatory agencies like the SEC and CFTC would remain active in the crypto space. Many cryptocurrency utives, critical of current SEC Chair Gary Gensler’s aggressive enforcement, supported Donald Trump’s campaign, anticipating a more favorable regulatory environment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
