Key Highlights: The California Department of Financial Protection and Innovation (DFPI) formally urged the SEC to withdraw Rule 500 from its proposed Regulation Crypto Assets framework. State regulators warn that preempting state-level registration and qualification strips away essential pre-sale screening that protects everyday retail investors from high-risk token offerings. The pushback targets an SEC initiative ...
Key Highlights A Harris Poll survey commissioned by the National Cryptocurrency Association (NCA) reveals that 50% of recent crypto offering buyers lost money over a 12-month span due to fraud, hacks, or abandoned projects. In an October 20 submission to the U.S. Securities and Exchange Commission (SEC), the NCA urged standard disclosure requirements, verified domestic ...
Key Highlights: Six industry organizations have urged the U.S. Securities and Exchange Commission (SEC) to formally integrate digital commodity classifications and staking guidelines into its proposed Regulation Crypto Assets framework. Market participants, including Wall Street and decentralized finance (DeFi) groups, have submitted over 100 comments debating startup registration exemptions, airdrop oversight, and secondary trading. Concurrently, ...
Key Highlights: Vault12 completed or formally abandoned every commitment in its 2018 token sale white paper, yet its VGT token has never been listed on any exchange due to unresolved regulatory uncertainty. Exchanges approached by Vault12 about listing VGT repeatedly demanded assurance that the SEC would not retroactively challenge the token’s legal status, a guarantee ...
Key Highlights The SEC is advancing a comprehensive digital asset framework, building on major reforms initiated after former Chair Gary Gensler’s departure in 2025. Key regulatory initiatives include a crypto custody framework, Regulation Crypto Assets, and a 5-year Innovation Exemption sandbox for decentralized trading. While SEC leadership aims to make the U.S. the global crypto ...
Key Highlights: The SEC is considering allowing state-chartered trust companies and regulated broker-dealers to provide crypto custody services under specific safeguards. A proposed exemption would permit authorized discretionary trading without strict custody requirements if client accounts remain protected. The proposal replaces the SEC’s 2023 “Safeguarding Rule” proposal and is now subject to a 60-day public ...
Key Highlights SEC Commissioner Hester Peirce, known as “Crypto Mom,” resigned effective October 2, 2025, leaving the commission with only two sitting members: Chairman Paul Atkins and Commissioner Mark Uyeda. Peirce’s departure removes the leader of the SEC’s Crypto Task Force at a critical juncture as the agency advances token-classification FAQs and proposed Regulation Crypto ...