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 and Binance have recently had “productive discussions” in their nearly two-year legal battle, a court filing says.
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Acting SEC Chair Mark Uyeda encouraged crypto market participants to share “where exemptive relief may be appropriate.”
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The SEC and Ripple have paused XRP lawsuit appeals amid ongoing settlement talks and speculation that incoming SEC chair Paul Atkins may drop the case.
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A filing in the Connecticut Appellate Court shows that the two parties must finish documenting the settlement and carry out the terms before withdrawing Osprey’s appeal.
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US authorities allege the Nate app was not powered by artificial intelligence but actually overseas human workers who manually processed transactions.
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The SEC’s Division of Corporation Finance has given nonbinding guidance on how federal securities laws could apply to crypto and how industry players should make disclosures.
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The agency's lawsuit against Helium was its final action under former Chair Gary Gensler, aiming to penalize a crypto firm for a token launch.
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SEC Chair Paul Atkins has a long career in finance and aims to provide clear rules for the crypto industry.
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Nasdaq has filed to list the VanEck Avalanche ETF, expanding spot crypto product offerings as VanEck eyes SEC approval for AVAX-based exposure.
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OpenSea’s lawyers argue NFT marketplaces should be exempt from SEC regulation, as they don't fit the definition of a broker.
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SafeMoon CEO Braden John Karony has argued the US Justice Department’s crypto enforcement pullback should see his case dismissed.
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Crypto asset manager 21Shares has made an initial filing with the US Securities and Exchange Commission for a spot Dogecoin ETF, following rivals Bitwise and Grayscale.
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Paul Atkins has officially been approved as chair of the US Securities and Exchange Commission after receiving a 52-44 vote in the Senate on April 9.
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The US Securities and Exchange Commission has granted regulatory approval for exchanges to list and trade options contracts on Ether exchange-traded funds.
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