With the new U.S. president and Congress set to take office, the American cryptocurrency industry anticipates that the new regulatory bodies may bring more favorable regulatory policies. First, Ripple's General Counsel Stuart Alderoty posted on X on December 31, expressing hope that the SEC would clarify some principles regarding the regulation of digital assets, such as the condition that "the token itself is not a security, but it may involve securities transactions." Ripple is currently appealing a ruling that imposed a $125 million fine on it in August 2024 for unregistered securities issuance.

<div><div><p>As the new U.S. President and Congress are about to take office, the American cryptocurrency industry anticipates that new regulatory bodies may bring about more favorable regulatory policies. First, Ripple's General Counsel, Stuart Alderoty, stated on December 31 on X that he hopes the SEC will confirm certain principles regarding the regulation of digital assets, such as the recognition that "tokens themselves are not securities, but may involve securities transactions." Ripple is currently appealing a ruling that imposed a $125 million fine on them in August 2024 for the unregistered issuance of securities.</p><p>Coinbase's General Counsel, Paul Grewal, believes that the 2024 U.S. Supreme Court's overturning of the Chevron principle will affect the SEC's regulatory approach. This ruling requires courts to interpret laws independently, which may change how cases related to digital assets are handled. Looking ahead to 2025, there are still unresolved cases involving several cryptocurrency companies with the SEC and the Commodity Futures Trading Commission (CFTC).</p><p>Additionally, U.S. judicial authorities will continue to handle criminal cases related to former executives of FTX, Celsius, and Terraform Labs. With changes in leadership at the SEC, CFTC, or the New York Attorney General's office, the direction of existing cases may shift. The new administration at the beginning of the year could serve as a trigger point for the cryptocurrency market's "regulatory easing" narrative. The industry is looking forward to subsequent open policies that could create a more favorable business environment for cryptocurrency innovation and potentially drive the return of DeFi staking and a surge in mainnet coin opportunities.</p></div></div>

Outlook for 2025: US Crypto Companies Hope for a Clearer Regulatory Environment