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’s Paul Atkins commented on Project Crypto, proposing one regulatory framework for trading, lending and staking digital assets.
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Figure Technology has raised its IPO price range to $20–$22 per share, lifting potential proceeds to $689 million from the primary offering.
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XRP price depends on pending ETF approval odds, but XRPL adoption and tokenization metrics still remain weak, raising concerns about the longevity of any rally.
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The group of 12 senators stressed the need for a bipartisan solution to market structure as Republicans on the banking committee plan to pass a bill this month.
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The task force has already conducted roundtables to address issues related to digital asset regulation while proposing changes to the commission's rules.
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Bitcoin derivatives markets showed persistent caution, with sentiment influenced by BTC spot ETF outflows and Strategy not being included in the S&P 500 index.
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The SEC’s proposed generic listing standards could streamline crypto ETF approvals from 240 days to just 60-75 days, opening doors for altcoin funds.
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Nasdaq has filed for a rule change with the SEC that would allow regulated exchanges in the US to trade tokenized stocks.
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The US Senate has added a provision to its crypto bill confirming that tokenized stocks remain securities, preserving their fit within existing financial frameworks.
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A 24/7 trading cycle would create new opportunities and risks for traditional financial markets that do not operate on nights and weekends.
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The SEC watchdog said the IT department erroneously wiped Gensler’s texts, erasing records tied to crypto enforcement actions and transparency.
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The proposed rule changes potentially affecting SEC guidelines on broker-dealers, custody and reporting could allow crypto companies to operate in the US with less oversight.
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The small-cap holding company is betting on Ethena’s ENA governance token, aiming to capture yield from synthetic stablecoin USDe.
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Wintermute said clear SEC guidance would keep US markets competitive, foster regulator dialogue and support innovation in digital assets.
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