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. 

Follow up
Market observers pointed out that the CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies.
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
Prashant Jha
A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge...
Voyager’s $1B sale to Binance.US put on hold by US court
Brayden Lindrea
The suit claims Binance used Ether as a commodity in its financial products, experts explained, which says little about the basic nature of the coin.
CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification
Derek Andersen
Altcoin Watch
XRP whales have been accumulating since February with only days remaining until the SEC vs. Ripple lawsuit could reach its potential conclusion.
XRP price: 'sell the news' moment nears after crypto-leading 20% weekly gain
Yashu Gola
MicroStrategy has increased its total Bitcoin holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.
Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC
Helen Partz
The Titanium Blockchain executive has been finally sentenced after pleading guilty in July last year.
Titanium Blockchain CEO behind BARs ICO fraud, put behind bars for 4 years
Felix Ng
While the U.S. government opts for “regulation by enforcement,” other countries are fostering “vibrant” crypto ecosystems due to progressive regulation, argues ...
‘US has left a vacuum that other countries are eager to fill’: Coinbase
Brian Quarmby
ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.
Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M
Luke Huigsloot

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