Ex-SEC acting chair: Agency dropped crypto cases to avoid issues with credibility

Crypto Insight Summary: SEC Commissioner Mark Uyeda said that the agency dropped many cases against crypto companies in early 2025 to avoid potential credibility problems in court. Crypto Insight Analysis: Direction: Bullish Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Reduced regulatory pressure could boost investor confidence in crypto.