Financial Services: Navigating the New Administration’s Reforms

The new administration is signaling major changes in the financial services sector, with plans to ease banking regulations and promote the development of digital asset technologies, including cryptocurrencies. On March 21, 2025, the U.S. SEC hosted a crypto task force roundtable to discuss how existing securities laws might apply to digital assets—a sign of an evolving regulatory landscape.

Additional measures indicate a broader regulatory shift. For example, on March 26, 2025, the U.S. Treasury exempted domestic companies from reporting beneficial ownership data, easing burdens under the Corporate Transparency Act. Other efforts include plans to streamline banking regulators, as reported on March 24, 2025, and calls from bank executives for softer rules and adjustments to capital requirements. Meanwhile, potential cuts to the Consumer Financial Protection Bureau further underscore the administration’s intent to reshape consumer protection and fair lending policies.