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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Chris Giancarlo, who oversaw the first Bitcoin futures ETF approval as CFTC chairman, will now advise fintech and digital asset founders and boards.
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Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.
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Hester Peirce, who heads the SEC’s crypto task force, said that the staff statement represented “expansive readings of the securities laws“ in response to digital assets.
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The CFTC’s task force includes five members with legal and crypto backgrounds to help "clear rules of the road for American innovators."
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Newly appointed company president Brett Redfearn briefly worked as Coinbase’s head of capital markets and served for more than three years at the SEC.
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David Woodcock steps into the role as US senators await answers to questions on the agency dropping lawsuits against Justin Sun and several crypto companies.
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Under SEC Chair Paul Atkins, the number of SEC enforcement actions against public companies has decreased by about 30%.
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The proposal includes a startup exemption, a fundraising exemption and an investment contract safe harbor for issuers.
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Extraditions of executives from market makers Vortex, Contrarian, Gotbit and Antier mark the latest step in a multi‑agency effort targeting alleged “market‑manipulation‑as‑a‑service.”
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The proposed rule change seeks to enable Americans to invest in products like crypto that better reflect the current investment landscape, Labor Secretary Lori Chavez-DeRemer said.
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A report from Reuters earlier this month claimed that the SEC's former chief of enforcement clashed with agency leadership over cases involving those in Trump's orbit before resigning.
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Representative Stephen Lynch voiced concerns about the direction of the SEC under Donald Trump, citing dropped investigations and enforcement actions on crypto companies.
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A California judge has certified an investor class in the Nvidia securities suit over alleged misstatements on crypto mining GPU sales, advancing the case toward a potential trial.
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Industry executives told US lawmakers that existing investor protection and financial surveillance regulations should apply to tokenized securities.
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