Polymarket users are betting that an XRP ETF will be approved this year after the SEC dropped its appeal against Ripple.
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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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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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The SEC has been walking back its historic hardline stance on crypto under the Trump administration, having held its first crypto roundtable earlier in March.
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The crypto gaming firm behind Ethereum layer-2 Immutable X said it received a letter of termination from the SEC that didn’t explain why it ended its probe.
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Ripple chief legal officer Stuart Alderoty said the firm had agreed to drop its cross-appeal with the SEC and will be refunded roughly $75 million from an August 2024 judgment.
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Paul Atkins, US President Donald Trump's pick to chair the Securities and Exchange Commission, is scheduled to appear before the Senate Banking Committee on March 27.
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The US securities exchange submitted its request to the Securities and Exchange Commission days after filing to list Franklin Templeton’s SOL fund.
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Crypto-friendly trading app eToro files for a Nasdaq IPO, aiming for a $5 billion valuation, after past attempts to go public in the United States.
1936 - News
The former commissioner will face a Republican-controlled Senate Banking Committee hearing on March 27 where he is likely to face questions regarding crypto regulation.
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Acting SEC Chair Mark Uyeda reportedly voted against suing Elon Musk over his alleged failure to disclose Twitter stock ownership.
14765 - Markets News
XRP price is up 3% today, and improved market sentiment, anticipation of legal clarity and support from the 50-day SMA point to a higher move in the short term.
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Fidelity is looking to launch a tokenized version of its Fidelity Treasury Digital Fund on Ethereum on May 30 for greater transparency and tracking.
8332 - Analysis
A new government outlook may bring crypto firms back to the United States after years of regulatory confusion.
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The US Securities and Exchange Commission held the first crypto roundtable of industry attorneys, officials, and former regulators on March 21.
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The SEC’s dismissal of the four-year legal case against Ripple is a “victory for the industry,” said Ripple CEO Brad Garlinghouse.
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