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. 

News
Hinman's commentary on the status of cryptocurrencies and the Howey Test was particularly critical to regulation surrounding ICOs.
Bill Hinman, who spearheaded the SEC's early crypto policies, is leaving the commission
Kollen Post
2020-10-27T17:54:42+00:00
7613
News
The crypto industry records another major acquisition in 2020.
SEC-approved crypto IPO issuer INX acquires STO platform OpenFinance
Helen Partz
2020-10-27T13:55:00+00:00
6936
News
The outlook is grim for the Canadian messaging app as it loses $5 million over its initial coin offering for Kin tokens.
SEC sees $5M victory in case against Kik
Kollen Post
2020-10-21T21:17:52+01:00
5168
News
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued.
Abramoff-linked crypto firm says SEC has no case against it
Helen Partz
2020-10-21T10:07:47+01:00
5221
Sponsored
An upcoming digital assets exchange has vowed to work with regulators around the world to deliver a cutting-edge experience to retail and institutional investor...
‘Govts know digital assets are here to stay,’ upcoming exchange says
Connor Blenkinsop
2020-10-16T16:40:00+01:00
4800
News
The SEC Commissioner said the recent legal action taken against BitMEX shows the need for the international industry to take AML regulations seriously
BitMEX charges send ‘a message’ to global exchanges: Crypto Mom
Turner Wright
2020-10-15T01:57:20+01:00
4607
News
Lawyers argued the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity.”
NYC court has no right to hear 'international' case argues Bancor firm
Turner Wright
2020-10-15T01:01:28+01:00
3273
Video
“Crypto Mom” Hester Peirce admits the SEC can be slow in giving guidance, but she sees the regulator becoming more open to change.
SEC’s conservative approach to crypto needs to change – SEC’s Peirce
Cointelegraph
2020-10-10T16:32:00+01:00
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