SEC halts most crypto lawsuits involving Trump allies

The U.S. Securities and Exchange Commission (SEC) has halted 14 of its 23 ongoing cryptocurrency lawsuits through withdrawals, concessions, or settlements since President Donald Trump returned to office in January, the New York Times reported. According to Yonhap News, the NYT pointed out that none of the nine remaining lawsuits involve individuals known to be close to Trump. Of the seven cases the SEC voluntarily withdrew, five were connected to figures with ties to the president. In response, the SEC issued a statement asserting there has been no political favoritism in its crypto-related law enforcement.