According to CoinMeta, a committee member stated that the institution has abandoned several crypto-related cases inherited from the previous government, as continuing to defend the legal interpretations it intended to reverse would “damage the reputation of SEC.” The member noted that the committee is preparing for a “180-degree change” in its approach. Additionally, Uyeda also mentioned that SEC’s innovative exemption for tokenized securities is a “pilot program” that could create “many potential opportunities” for new entrants and traditional financial companies.