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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The SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis bankruptcy.
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The product, if approved, would give US investors access to regulated BNB exposure without needing to hold the token themselves.
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The SEC’s Paul Atkins and the CFTC’s Michael Selig will discuss the two agencies' crypto oversight as legislative efforts to define their roles work through the Senate.
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F/m Investments seeks SEC relief to record ownership of its $6 billion Treasury ETF on a permissioned blockchain as tokenization spreads on Wall Street.
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The submissions add to mounting pressure on regulators as Coinbase CEO Brian Armstrong calls for compromise to pass market structure legislation.
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One of then-presidential candidate Donald Trump's campaign promises to the crypto industry was to fire the SEC chair “on day one“ if elected.
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Megatel Homes says it’s launching a program where renters could receive rewards for paying their rent using a crypto token.
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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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