The SEC has significantly reduced its enforcement actions against the crypto industry following Trump's return to the White House, according to a New York Times investigation. Over 60% of ongoing crypto cases have been paused, reduced, or dismissed, with no new cases initiated. The SEC has also ceased actions against crypto companies linked to Trump, including withdrawing or freezing lawsuits against Binance, Coinbase, and Gemini, and attempted to lower Ripple's penalties, though unsuccessfully in court. The SEC denies any political bias, stating that the adjustments are based on legal and policy considerations. However, some former SEC officials warn that these changes could weaken investor protection.