According to Forbes, recent developments in the Trump family's cryptocurrency business have intensified scrutiny of the independence of the US Securities and Exchange Commission (SEC), including Trump's son Eric Trump's plan to attend the Token2049 conference with Sun Yuchen and World Liberty Financial co-founder Zack Witkoff, as well as Trump's TRUMP dinner plan. If the SEC is seen to favor digital asset projects with political implications, this political scrutiny will foreshadow the challenges that the SEC's new chairman, Paul Atkins, may face. Although there is indeed momentum within the SEC to promote cryptocurrency reform, external perceptions of the SEC's political bias may make it difficult for the agency to act in a credible manner in the coming months. If Atkin can successfully balance the drive to modernize regulation with a clear commitment to fair enforcement, the SEC is expected to regain its global leadership position in digital asset regulation. However, if the institution becomes embroiled in partisan disputes, even well intentioned reforms may lose momentum. At present, the encryption industry still maintains a cautious and optimistic attitude, but at the same time remains vigilant. The issue of conflicts of interest may persist and mask Atkins' actual achievements in the cryptocurrency field pursued by the SEC.
