Securities and Exchange Commission

SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency
The U.S. securities regulator recently proposed requiring investment advisers to keep customers’ crypto assets with “qualified custodians” and is now facing wide criticism for the potential future rule.

U.S. SEC Changes Its Mind on Officially Labeling Digital Assets
The Securities and Exchange Commission was about to define “digital asset” but deleted it in the final version of a rule, reversing a move that might have started formalizing crypto’s role.

U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients
Brokers and investment advisers have to understand crypto and ensure it's in clients’ best interests before pitching investments, the SEC staff said in a bulletin.

SEC Lays Its Cards on the Table With Assertion That DeFi Falls Under Securities Rules
Unless Congress legislates otherwise, U.S. oversight will hold most of the crypto world inside the SEC’s jurisdiction as the agency moves to make its reach increasingly explicit.

ARK Uses 'Wells Dip' to Stock Up Again on Coinbase Shares, Two Days After Selling
Coinbase shares tumbled 16% Thursday after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.

Is This Finally an Atomic Bomb From the SEC?
The warning to Coinbase that it’s breaking securities laws may signal the long-awaited attack on crypto’s foundations, but also may set up a court fight that finally answers questions.

Grayscale Chief Legal Officer: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers
Craig Salm discusses what happens next after a court acts on its lawsuit against the SEC, and whether this regulator should even be involved with bitcoin products.

Gitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed
A programmer by training, Kevin Owocki's view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.

GBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday
The closed-end fund's discount to net asset value had widened to 47% in mid-February.

US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up
The securities regulator has almost filled the 20 slots previously added to its crypto squad and is looking to increase that number even further, a spokesperson said.

