News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Securities and Exchange Commission (SEC) Crypto News
The Securities and Exchange Commission (SEC) serves as a cornerstone of United States financial regulation, ensuring fair markets and protecting against fraud. The emergence of cryptocurrencies like Bitcoin (BTC) challenged established norms. Despite initially not interfering in the crypto space, the SEC intervened during the 2017 to 2018 initial coin offering frenzy, asserting securities laws on tokens like The DAO (DAO).
Key legal battles followed, including halting the Telegram Open Network and suing Ripple for unregistered XRP (XRP) sales. In a significant move, the SEC sued Binance in June 2023, alleging unregistered securities sales, implicating prominent tokens such as Solana’s (SOL), Cardano’s (ADA), Polygon’s (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Algorand (ALGO), Axie Infinity’s (AXS) and Coti (COTI). Coinbase also faced charges related to its staking service.
These actions reverberated globally, as nations often model their regulations after the U.S., highlighting the SEC’s international impact. Through its interventions and legal battles, the SEC shapes the future of crypto regulation, ensuring the integrity of digital markets and influencing global financial landscapes.
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Three House Democrats warned that leaving the SEC's case against the Tron founder unresolved could ”undermine investors’ confidence” in the financial regulator.
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The investigation into Zcash, launched with an SEC subpoena over a “matter of certain crypto asset offerings,” ended this week, according to the foundation.
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The Senate Agriculture Committee plans to publish its crypto market structure bill on Jan. 21 and to hold a markup hearing on Jan. 27.
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The Kraken-backed SPAC aims to raise $250 million in an IPO, targeting companies building infrastructure and services for the digital asset ecosystem.
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The Solana Policy Institute urged the SEC to distinguish non-custodial DeFi code from exchanges, warning that current rules could chill innovation.
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Securities and Exchange Commission chair Paul Atkins voiced strong support for the bipartisan legislation aimed at moving crypto markets out of a regulatory gray zone.
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The CFTC plans to invite leading crypto executives, including Tyler Winklevoss and Kris Marszalek, to advise regulators on emerging technologies.
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Several blockchain analysts said they were unable to verify whether the Latin American nation holds $60 billion in the cryptocurrency.
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BitGo is looking to raise as much as $201 million in an IPO, targeting a $1.96 billion valuation with over $90 billion in assets under custody and top US banks leading the deal.
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Strategy added 13,627 Bitcoin in a $1.25 billion purchase last week, extending its lead as the world’s biggest corporate BTC holder despite recent paper losses.
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The SEC delayed decisions on two crypto ETFs and opened public comments on options tied to a Grayscale multi-asset crypto fund.
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Grayscale registered Delaware trusts linked to potential BNB and HYPE ETPs, an early step that often precedes but does not guarantee ETF filings.
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YZi Labs is challenging CEA Industries’ newly adopted poison pill and bylaw changes, accusing the board of entrenchment and misrepresenting its commitment to a BNB treasury.
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The SEC is set to continue last year’s pro-crypto rulemaking, as the commission and other federal agencies are controlled solely by Republicans.
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