News
SEC commissioner Hester Peirce echoed former chair Gary Gensler in calling for market participants to “consider meeting with the Commission and its staff.”
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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 legislation to establish crypto market structure is one of three bills the US House of Representatives is expected to consider starting next week.
2334 - News
Ethereum co-founder Joseph Lubin said that corporate ETH treasuries are vital for driving ecosystem growth.
3476 - Price Analysis
SOL’s chart projects further upside despite the SEC delaying a decision on a Solana ETF approval.
3138 - News
Truth Social has filed to launch a crypto ETF tracking BTC, ETH, SOL, CRO and XRP, aiming to list on NYSE Arca after regulatory approval.
3480 - News
The acknowledgment officially starts the clock for the US securities regulator to decide on the proposed Bitcoin and Ether combined ETF.
5607 - News
The nascent real-world tokenized assets track prices but do not provide investors the same legal rights as holding the underlying instruments.
7537 - News
Ondo has acquired Oasis Pro, a FINRA member and SEC-registered broker-dealer.
9900 - News
A finance industry trade group says tokenized stock offerings shouldn’t get a Securities and Exchange Commission exemption but instead go through the “notice and comment process.”
9267 - News
In a media interview, Chair Paul Atkins pledged to empower businesses to innovate through tokenization.
10334 - News
Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds.
6639 - News
The United States Securities and Exchange Commission is reportedly considering simplifying the listing process for certain crypto ETFs.
3723 - News
REX Shares will launch the first US staked crypto ETF this week, giving investors direct exposure to SOL with staking rewards.
10920 - News
XRP spiked on Friday after Ripple CEO Brad Garlinghouse said the company is “closing this chapter once and for all” in its legal battle with the US regulator that began in December 2020.
16150 - Market Analysis
XRP whale flows flipped bullish in May after months of outflows, hinting at a potential triple-digit price rally.
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