The US Securities and Exchange Commission proposed a regulatory framework that would permit investment advisers and regulated funds to self-custody crypto assets under certain conditions, while also allowing the use of state trust companies as custodians.
The SEC's Division of Corporation Finance released updated FAQs stating that token buybacks on working networks, liquid staking tokens, and funding network upgrades don't automatically make crypto assets securities. The guidance provides clarity on when digital assets may qualify as commodities rather than securities.
SEC Commissioner Hester Peirce, known as 'Crypto Mom' for her advocacy of digital assets, announced her resignation effective next week after years of service. In one of her final speeches, she called for reducing KYC data collection and implementing zero-knowledge proofs to protect privacy.
Coinbase filed a registration notice with the SEC on September 2 seeking approval to offer perpetual futures contracts on stocks with 24/7 trading and leverage, without requiring ownership of underlying shares. The filing represents a major push to bring crypto-style derivatives to traditional equities.
The SEC proposed allowing blockchains to serve as official records of share ownership while imposing new risk-management and cybersecurity duties on transfer agents, the first substantive update to these rules in over 40 years.
The SEC is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness in July, and has sent subpoenas to major Wall Street banks seeking information about the fund's trades and use of leverage.
The Securities and Exchange Commission proposed new rules allowing crypto projects to raise capital through token sales without full securities registration, including a $5 million startup exemption and a two-tier fundraising exemption capped at $75 million.
Cboe BZX filed with the SEC requesting an exception to generic listing rules to list funds targeting three times the daily performance of Bitcoin and Ethereum. The products would be the first 3x crypto ETFs in the US if approved.
The CFTC and SEC issued a joint request for comment on clarifying definitions of 'swaps' and 'security-based swaps,' including for perpetual futures and event contracts, the same day CME Group announced plans to sue the CFTC over approval of perpetual futures for Kalshi and Coinbase.
The US Securities and Exchange Commission proposed eliminating Rules 611 and 610(e) of Regulation NMS, which could remove major legal barriers preventing tokenized US stocks from trading on blockchain platforms. Analysts say this represents a significant regulatory shift for digital securities.
Paxos Securities Settlement Company received SEC registration as a clearing agency under Section 17A, marking the first blockchain-native firm to achieve this status after seven years of engagement with regulators beginning with a 2019 no-action letter.
The DeFi Education Fund, joined by a16z crypto, Uniswap, Chainlink, Paradigm, Solana Policy Institute, and 30+ other organizations, formally petitioned the SEC to lock in recent decentralized finance interface guidance into official rulemaking.
The Commodity Futures Trading Commission announced five members for its innovation task force focused on crypto, AI, and prediction market rules as the agency expands regulatory work while the CLARITY Act awaits Senate action.
The SEC acknowledged that some past enforcement actions against cryptocurrency companies lacked clear investor benefit and misinterpreted federal securities laws, marking a significant shift in regulatory approach under Chair Paul Atkins.
SpaceX has confidentially filed for an IPO that could raise $75 billion and value the company at $1.75 trillion, which would make Elon Musk the first trillionaire. The filing comes amid growing conflicts of interest with Trump administration, NASA, and defense contracts.
