According to CoinMeta, Committee Member Mark Uyeda stated that SEC has revoked several crypto-related cases left over from previous administrations. The reason is that continuing to defend the legal interpretations prepared for the potential overthrow would damage the credibility of SEC. The committee is preparing to make a 180-degree shift in its approach, and the innovative exemptions for tokenized securities will create opportunities for new entrants as well as traditional financial companies. (Source: Fox Business)