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Crypto Enforcement Still Has a Pulse

By Robert J. Anello and Richard F. Albert and Emily Smit
May 01, 2025

The contrast between the Trump Administration’s ostentatious embrace of cryptocurrency and the prior administration’s chilly skepticism has led some to suggest that the multi-billion-dollar industry is at the dawn of an enforcement-devoid free for all.

In heralding its new, supportive approach, the administration’s Jan. 23, 2025 executive order “Strengthening American Leadership in Digital Financial Technology,” among other initiatives, directs the Treasury and Justice Departments and the Securities and Exchange Commission to identify policies that affect the digital asset sector and, within 60 days, submit recommendations for revisions.

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