Media Coverage
Source: Global Investigations Review, Blockworks
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
11.12.24
Recent coverage suggests that President-Elect Donald Trump’s second administration will likely shift the Securities & Exchange Commission’s focus away from current priorities and usher in an environment of lax enforcement. However, many believe the administration’s approach will be difficult to predict.
Corporate Investigations & White Collar Defense partner David Oliwenstein, who is also a former SEC enforcement lawyer, told Global Investigations Review that predictions regarding declines in enforcement are likely overstated, although he expects a resource shift away from “Wall Street” and toward “Main Street” in Trump’s new administration.
Noting that recent Republican-led SECs have emphasized enforcement against misconduct affecting retail investors, Oliwenstein added that the incoming administration may conduct fewer investigations into major international financial institutions and may increase scrutiny of conduct that impacts “mom-and-pop investors.”
Additionally, in an interview with Blockworks, Oliwenstein addressed how recent changes in the SEC’s enforcement leadership impact the crypto industry.
Oliwenstein also stated that whoever Trump selects as his new SEC chair will likely be “more lenient toward the crypto industry, perhaps focusing more on bringing regulatory clarity than a constant slew of enforcement actions.”
“After all, Trump has even launched his own crypto trading platform,” he said.