SEC News

The Securities and Exchange Commission, or SEC, is an independent agency within the United States government tasked with regulating the securities markets in a way that protects the public from fraud, maintains fair and efficient markets, and facilitates healthy capital formation in the U.S. and its jurisdictions. 

The emergence of cryptocurrencies with the advent of Bitcoin (BTC) directly challenged the hegemonic order of the legacy financial system and quickly provoked ire and distrust from various regulatory authorities. 

The SEC, however, remained largely quiet on securities law applicability to cryptocurrencies and fundraising events until July 2017 when the agency published their report on the DAO project, concluding that the sale of DAO tokens was in fact an unregistered securities offering and therefore subject to securities laws. This was published in the context of the initial coin offering, or ICO, craze of 2017 to2018. 

Since then, the SEC has slowly brought cases against various projects such as halting the launch of the highly anticipated Telegram blockchain network, TON, in October 2019, thus setting legal precedent for all current and future blockchain ventures. 

The SEC is one of the most powerful regulatory agencies in the world, as most countries often wait to see how the U.S. regulates certain industries before implementing their own legislation and regulatory frameworks. 

In an interview with The Financial Times, SEC chair Gary Gensler said he is working on a memorandum of understanding with the agency’s digital asset market co-r...
Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation
Derek Andersen
Hoskinson feels regulations for the crypto industry should be defined better, but that compliance should come from the industry itself, not from regulatory auth...
Hoskinson pitches software-enabled crypto self-regulation to Congress
Brian Newar
An agriculture subcommittee heard a CFTC official, a law professor, a Chainalysis cofounder and Charles Hoskinson air their views on regulation and adjacent top...
US Congressional hearing on digital asset regulation focuses on disclosure
Derek Andersen
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garli...
Ripple CEO criticizes SEC for ‘contradictions’ on crypto regulations
Turner Wright
Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednes...
‘Rush of radical rulemakings’ — Hester Peirce criticizes SEC agenda
Derek Andersen
The senators introduced new approaches to familiar questions concerning digital assets and decide how to divide regulatory responsibilities.
Lummis-Gillibrand crypto bill comprehensive but still creates division
Derek Andersen
The commissioner made it clear she does not support bailouts for anyone in the crypto industry, arguing it’s better to “let these things play out.”
SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo
Felix Ng
The American platform became the first to freeze the withdrawal operations, but it might not be the last.
Law Decoded, June 13–20: Celsius exodus and liquidity crisis
David Attlee

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