News
Plume’s SEC registration lets it manage tokenized securities under US law, a step toward merging traditional markets with blockchain infrastructure.
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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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Crypto treasury companies are already capitalizing on highly volatile digital assets, and tokenizing company shares introduces new risks.
4638 - News
The plaintiffs failed to show how Bored Ape Yacht Club and other NFTs represent investment contracts under the SEC's 3-pronged Howey Test.
3323 - Market Analysis
Ether’s chances of breaking above $5,000 depend on institutional accumulation, but rising competition and muted derivatives metrics keep investor sentiment restrained.
6162 - Newsletter
Analysts were eying a “quick” Bitcoin breakout to $150,000, as ARK Invest’s Cathie Wood compared the Hyperliquid token’s performance to Solana during the previous crypto cycle.
11282 - News
With 16 crypto ETF applications on the SEC’s October calendar, a new regulatory framework could fast-track approvals for Solana, XRP and beyond, signaling a pivotal shift for US markets.
10246 - News
Wall Street capital is flowing into late-stage, IPO-ready crypto firms, signaling new dynamics at play for the incoming altcoin season.
4506 - News
The US SEC has seemingly missed its decision deadline for the Canary Litecoin ETF, adding to uncertainty amid a government shutdown and new generic listing standards.
4647 - Newsletter
TradFi dives deeper into crypto: Tether’s mega raise, SEC eyes onchain stocks, JPMorgan expands Kinexys and a biotech bets treasury on DePIN.
5451 - News
Bitwise’s Hunter Horsley says Solana’s shorter unstaking period gives it an advantage over Ethereum in the race for staking ETFs, as US regulators prepare key decisions in October.
4147 - News
In addition to restrictions on enforcement actions and ongoing litigation, the agency will likely stop reviewing crypto ETF applications.
20688 - News
A group of House Republicans said they’re engaging with the SEC’s Office of Inspector General to find out more about former SEC Chair Gary Gensler’s deleted text messages.
2656 - News
The SEC’s Division of Investment Management said it would not recommend enforcement action against advisers that use a state trust company as a crypto custodian.
4565 - Market Analysis
SOL late leverage longs got rinsed by the flash crash to $205, but data shows pro traders buying the dip and retail traders opening fresh spot and margin positions.
2302 - News
The SEC is exploring a plan to let blockchain-based versions of stocks trade on crypto exchanges, signaling growing support for tokenization.
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