The SEC is maintaining roughly the same volume of cases under the Trump administration as it had previously, even as it pulls back on Biden-era actions targeting crypto and securities dealers and contends with potential personnel and funding cuts. “Recent actions are almost crypto-adjacent in a way, garden variety fraud using crypto buzzwords, but the numbers are big and the extent of the consumer harm is large,” said Meghan Spillane, a partner at Goodwin who serves as co-chair of the firm’s Digital Currency and Blockchain practice. Enforcement is just one of the avenues the SEC is using to telegraph its regulatory priorities to Wall Street. “Guidance gives you at least some of the broad lines where you’re okay to play, and then legislation and a little bit more analysis is going to broaden where those lines are, and I think that’s incredibly helpful,” said Grant Fondo, a partner at Goodwin who also co-chairs the Digital Currency and Blockchain practice with Spillane. Read the Bloomberg Law article for more.