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. 

Newsletter
The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto.
Law Decoded: Closing remarks on the future of crypto law, March 5
Kollen Post
2021-03-05T23:07:38+00:00
42698
Opinion
GameStop brings forward the prospect of a paradigm shift that challenges existing regulations: decentralization.
GameStop tale exposes regulatory paternalism and DeFi’s true value
Sarah H. Brennan
2021-03-05T15:36:11+00:00
9448
News
Ripple CEO Brad Garlinghouse says the company's activities in the Asia-Pacific region have not been affected by current regulatory troubles in the United States...
Ripple's Asia expansion unaffected by SEC lawsuit, says CEO
Osato Avan-Nomayo
2021-03-05T08:57:48+00:00
18250
News
The crypto advocacy group is going on a charm offensive and meeting with top representatives of the Biden administration.
Blockchain Association meeting with key Biden staff about regulations
Samuel Haig
2021-03-05T06:04:00+00:00
16927
News
Chris Larsen has filed a motion to dismiss the SEC's case against him as part of the Ripple lawsuit.
Ripple's executive chairman moves to dismiss SEC lawsuit
Osato Avan-Nomayo
2021-03-04T13:08:41+00:00
29900
News
Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million.
US crypto tax startup TaxBit to channel $100M raise into UK expansion
Helen Partz
2021-03-03T10:30:57+00:00
9361
News
The Senate held its first hearing on Gary Gensler's nomination to chair the SEC today.
Gensler sticks up for Bitcoin before Congress, but doesn't say much new
Kollen Post
2021-03-02T19:10:05+00:00
8165
News
The Risk Alert seemed to take particular aim at broker-dealers, who have been "inadequate" in their AML compliance.
SEC’s Division of Examinations issues Risk Alert on digital assets
Andrew Thurman
2021-02-26T21:11:50+00:00
12296

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