SEC to Reevaluate Biden-Era Crypto Policies Amid Broad Regulatory Overhaul

In a significant development for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has announced plans to revisit and reassess key pieces of cryptocurrency guidance that were issued during the Biden administration. The move comes as part of a broader regulatory shift inspired by Executive Order 14192, titled “Unleashing Prosperity Through Deregulation,” which mandates federal agencies to review and potentially revise regulations seen as outdated or overly burdensome.

Acting SEC Chairman Mark Uyeda has initiated a comprehensive review of the agency’s digital asset policy framework. Among the areas under consideration are the treatment of Bitcoin futures within investment company portfolios, the definition and application of the “investment contract” test under the Howey framework, and rules related to the custody of digital assets by registered investment advisors. These guidelines have long been a point of contention for crypto firms, many of which argue that the SEC’s approach has stifled innovation while offering little clarity.

The Biden-era guidance often emphasized caution and regulatory control over the emerging crypto sector, but the current reassessment suggests a possible shift toward a more innovation-friendly stance. The review could bring much-needed regulatory clarity and streamline compliance processes for market participants navigating complex and often ambiguous legal terrain. Crypto advocates hope that this signals the start of more balanced oversight, encouraging growth while maintaining investor protection.

This change in tone at the SEC aligns with wider policy adjustments across multiple federal agencies, as the new administration places a premium on regulatory reform and economic stimulation. Industry experts suggest that if the reassessment leads to concrete changes, it could unlock new opportunities for crypto firms in the U.S., potentially paving the way for expanded institutional involvement and a stronger regulatory framework that evolves with the technology. As the SEC engages with stakeholders and reconsiders its stance, the outcome could reshape how the U.S. approaches crypto regulation for years to come.