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US SEC's cryptocurrency reform faces new political pressure due to its relationship with Trump

Online reports, according to Forbes, some recent developments in the Trump family's crypto business have intensified the review of the independence of the U.S. Securities and Exchange Commission (SEC), including Trump's son Eric Trump's plan to attend the Token2049 meeting with Sun Yuchen and World Liberty Financial co-founder Zack Witkoff, and Trump's TRUMP dinner plan. If the SEC is believed to give preferential treatment to politically related digital asset projects, Then this political review will signal the challenges that new SEC Chairman Paul Atkins may face. While there is indeed momentum within the SEC to push for cryptocurrency reform, outside perceptions of political bias in the SEC could make it difficult for the agency to act in a credible manner in the coming months. If Atkin can successfully balance the drive for regulatory modernization with its apparent commitment to fair enforcement, the SEC is expected to regain its global leadership in digital asset regulation. However, if the agency becomes mired in partisanship, even well-intentioned reforms may lose momentum. At present, the encryption industry remains cautiously optimistic, but at the same time remains vigilant. Conflict of interest issues may persist and obscure the actual achievements Atkins is pursuing in the SEC for the cryptocurrency space.

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