News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Securities and Exchange Commission (SEC) Crypto News
The Securities and Exchange Commission (SEC) serves as a cornerstone of United States financial regulation, ensuring fair markets and protecting against fraud. The emergence of cryptocurrencies like Bitcoin (BTC) challenged established norms. Despite initially not interfering in the crypto space, the SEC intervened during the 2017 to 2018 initial coin offering frenzy, asserting securities laws on tokens like The DAO (DAO).
Key legal battles followed, including halting the Telegram Open Network and suing Ripple for unregistered XRP (XRP) sales. In a significant move, the SEC sued Binance in June 2023, alleging unregistered securities sales, implicating prominent tokens such as Solana’s (SOL), Cardano’s (ADA), Polygon’s (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity’s (AXS) and Coti (COTI). Coinbase also faced charges related to its staking service.
These actions reverberated globally, as nations often model their regulations after the U.S., highlighting the SEC’s international impact. Through its interventions and legal battles, the SEC shapes the future of crypto regulation, ensuring the integrity of digital markets and influencing global financial landscapes.
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The SEC’s handling of cases involving Justin Sun and Elon Musk was among the factors that caused the agency’s top enforcement official to quit, according to sources.
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The stablecoin bill introduced in Delaware aims to create a licensing framework for stablecoin issuers as part of the state's first major banking code update since 1981.
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Strategy is increasingly turning to perpetual preferred stocks to fund its Bitcoin strategy, with the company adding 90,000 BTC to its balance sheet so far this year.
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The SEC’s crypto classification proposal is under White House review, marking a key step in defining how digital assets are treated under US securities law.
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Part of the approved rule changes allows institutions to trade the crypto ETFs as FLEX options, which offer customizable terms like non-standard strike prices and expiration dates.
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Fidelity called for updated reporting rules and clearer guidance on how decentralized platforms and alternative trading systems should operate under US law.
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The SEC’s digital asset taxonomy introduces new classifications for tokens, signaling a shift in regulatory approach and offering greater clarity for the crypto industry.
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Unlike Bitwise, Grayscale doesn’t plan to incorporate staking for its Hyperliquid ETF but hasn’t ruled out integrating it in the future.
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The SEC chair signaled that the agency would defer to a market structure bill if passed by Congress, but needed a “bridge” to clarify crypto regulation.
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Evernorth is moving closer to a public listing after filing a Form S-4 with the SEC, the final major regulatory hurdle of its SPAC merger plan.
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Nasdaq has been given the regulatory green light to offer some tokenized stocks, which will trade alongside traditional securities on its exchange.
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Paul Atkins says nonfungible tokens are typically collectibles, not investment contracts, as the agency outlines new categories of digital assets outside securities laws.
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The Washington, D.C.-based nonprofit cryptocurrency policy think tank argued that no-action letters within the crypto industry lead to fragmentation and uneven treatment.
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SEC chair Paul Atkins says the regulator should review giving a range of exemptions to crypto companies to allow “bespoke pathways” to raise money.
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