The Trump administration has significantly reduced SEC enforcement actions against cryptocurrency firms, cutting them by 60% since January 2025. Major cases against companies like Coinbase and Kraken have been closed or paused without penalties. This shift is part of a broader strategy to promote blockchain innovation, including the formation of a new Crypto Task Force led by SEC Commissioner Hester Peirce to clarify regulations. Additionally, an executive order has been issued to foster blockchain development, establishing a Presidential Working Group on Digital Asset Markets. The Justice Department disbanded its National Cryptocurrency Enforcement Team in April 2025. The GENIUS Act, signed in July 2025, introduces federal regulations on stablecoins, mandating CFT compliance and monthly audits. While critics express concerns over potential industry influence, the SEC maintains that its actions are legally justified.