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. 

Market Analysis
$1.25 billion in ETH options expire on Nov. 26 and bulls are better positioned above $4,200.
Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
Marcel Pechman
Market Analysis
Nearly $3 billion in BTC options expire on Nov. 26, and bears are better positioned below $58,000.
Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry
Marcel Pechman
The SEC is opening discussion on crypto and blockchain technology with regard to American investors.
SEC open meeting on Dec. 2 to include crypto panel discussion
Benjamin Speaker
"The judge realizes this is not just about Ripple, this will have broader implications,” Ripple CEO Garlinghouse said.
Ripple case with SEC to ‘likely’ reach a conclusion in 2022, says CEO
Erhan Kahraman
Altcoin Watch
Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why.
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Marcel Pechman
Invesco withdrew its Bitcoin Strategy ETF due to the inability to offer exposure to a mix of futures swaps and spot Bitcoin.
Invesco exec reveals reasons for dropping Bitcoin futures ETF
Helen Partz
Share prices of Marathon Digital stock dropped, as did those from major crypto mining firms including Riot Blockchain, Bitfarms, Bit Digital and Hut 8.
Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility
Turner Wright
Major U.S. cities embrace crypto as federal regulators remain much harder to bring around.
Law Decoded: Crypto cities, investor protection nation, Nov. 8–15
Beau Linighan

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