US SEC Follows CFTC in Staff Guidance for Crypto

US SEC Follows CFTC in Staff Guidance for Crypto

The US Securities and Exchange Commission (SEC) has updated its policies on how securities laws will apply to “certain types of crypto assets and certain transactions involving crypto assets” following a similar move by the country’s federal commodities regulator last week. In a Friday update to the SEC’s frequently asked questions issued in March, the … Read more

Hester Pierce will leave the SEC

Hester Pierce will leave the SEC

SEC Commissioner Hester Pierce has submitted her formal resignation from the US Securities and Exchange Commission, effective October 2. Pierce, also known as “Crypto Mom” ​​in her advocacy of clear, rules-based regulation of the crypto industry, has been posted A copy of his resignation letter on his X account on Friday. In the letter, he … Read more

Former SEC Acting Chair: Agency Drops Crypto Cases to Avoid Credibility Issues

Former SEC Acting Chair: Agency Drops Crypto Cases to Avoid Credibility Issues

Mark Ueda, who served as acting chairman of the US Securities and Exchange Commission (SEC) before Paul Atkins’ confirmation, said the agency has dropped civil cases against cryptocurrency companies filed under the previous administration as it makes a “180-degree change” in rulemaking. In a Wednesday panel at the Psaros Center for Financial Markets and Policy’s … Read more

CFTC, SEC Advance Tokenization After Clarity Act Setback

CFTC, SEC Advance Tokenization After Clarity Act Setback

US Commodity Futures Trading Commission (CFTC) Chair Michael Selig says financial markets should prepare for “mass tokenization” as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets. In remarks delivered Tuesday at the US Treasury Markets Conference, Selig said Tokenization of real-world assets (RWAs) can become the foundation of more efficient financial systems, … Read more