The U.S. Securities and Exchange Commission is cutting back its specialized crypto enforcement unit, reassigning more than 50 lawyers and staff members focused on regulating digital assets as a changing landscape under President Donald Trump takes root.

Several members of the crypto unit have been shifted to different departments within the agency, according to a Tuesday report by The New York Times, which cited several anonymous sources.

At least one senior lawyer was removed from the enforcement division altogether—a move some insiders described as an “unfair demotion,” per the report.

The crypto unit overhaul is part of the Trump administration’s efforts to curtail