Former SEC Division of Enforcement Assistant Director Jennifer Lee stated that Donald Trump’s possible reelection is not likely to change the SEC’s stance on crypto. In an interview with CNBC on May 2, Lee emphasized that the SEC has been actively pursuing crypto cases during Trump’s first term, bringing “daylight and regulation” to the industry.
Lee predicted that the SEC would continue to assert its authority over the crypto space if Trump were to serve a second term. While the SEC has been more consistent in determining which cryptos fall under its jurisdiction, the extent of its regulatory reach in the industry remains uncertain, according to Lee.
Former SEC Office of Internet Enforcement Chief John Reed Stark offered a contrasting view, suggesting that a Republican-appointed SEC chair under Trump may ease up on crypto enforcement efforts. Stark also noted Trump’s potential shift towards a more favorable stance on crypto to appeal to single-issue crypto voters, pointing out the President’s significant holdings in the market.
Despite differing viewpoints on Trump’s potential impact on crypto regulation, the outcome of the US presidential election remains uncertain. With Trump and Biden both having equal odds of winning according to FiveThirtyEight, any change in administration could also affect the leadership at the SEC, with current chair Gary Gensler’s term expiring in June 2026.
In conclusion, while the future of crypto regulation under a possible Trump reelection is still uncertain, experts and insiders are divided on the potential implications for the industry.
