12 code cases have been dropped this year

Since its launch this year, the SEC has removed 12 lawsuits against crypto companies, signaling a shift under the Trump administration and began relaxing crypto regulations. These cases include Coinbase, Consensys, Crypto.com, Cyberkongz, Gemini, Helium (Nova Labs), Immutable, Kraken, Opensea, Robinhood Crypto, Uniswap Labs, and Yuga Labs.

For example, in early March, the SEC dismissed a lawsuit against Coinbase, which claimed the exchange was operated as an unregistered securities platform. The agency also dropped the lawsuit against Kraken without imposing a fine or demanding changes to its business operations. Both dismissals areWith prejudice”, meaning there is no possibility of a future refile.

Research on Yuga Labs and Opensea NFT platforms has been closed by the SEC and shows that NFT is not considered a security under current interpretation. This could be seen as a major victory for the crypto industry.

For other mentioned companies, it is in almost the same situation, with the lawsuit being dismissed or suspended.

However, there are still two ongoing crypto cases for Binance and Tron. Anything against Binance involves claims of operation as unregistered exchanges and other securities violations. The parties are now jointly requesting a 60-day hiatus in the ongoing litigation to facilitate settlement discussions.

The same is true for Tron. The SEC lawsuit against the Tron Foundation, which alleges market manipulation and securities violations, has also been suspended for 60 days when settlement talks are pending.

How does this show the shift in SEC Crypto enforcement?

With a new card –It was preferred Significant changes have occurred in the approach towards SEC management and cryptographic regulation.

For example, during previous SEC management last year, the agency fined crypto companies about $4.7 billion. This has increased by about 3% since 2023. It’s fair, but this was mainly due to a massive $1 billion settlement between Terraform Labs and its former CEO, Do Kwon.

According to the Social Capital Markets Report, during the period from 2013 to 2024, the SEC issued more than $7.42 billion in cryptocurrency-related fines, with 63% of this amount being made in 2024 alone.

So, the agency’s evolving attitudes on cryptocurrency regulation in 2025 shows a significant deviation from previous, enforced approaches. The following year, we’ll see how far Crypto regulations are.