seccryptoregulation
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SEC Chairman Issues Warning on the Use of Cryptocurrencies as a Tool for Financial Monitoring
According to information from ChainCatcher, Paul Atkins, chairman of the SEC, stated on December 15, during a roundtable of the agency's Cryptocurrency Working Group, that poorly structured regulation could end up turning the crypto market into a financial surveillance tool.
Atkins emphasized that blockchain technology has high efficiency in linking transactions and identities, which raises concerns about possible excessive government interference. He warned that classifying each wallet and each crypto transaction as a potential target for monitoring could result in the creation of a comprehensive financial control system.
The SEC chairman also noted that it is possible to find a balance between national security requirements and the preservation of individual privacy. With the increasing entry of traditional finance into the crypto universe, the debate over privacy is becoming increasingly relevant, especially in light of recent criminal cases that highlight the regulatory challenges in the sector.
#SECCryptoRegulation
#AtkinsForSEC
#blockchain #bitcoin
According to information from ChainCatcher, Paul Atkins, chairman of the SEC, stated on December 15, during a roundtable of the agency's Cryptocurrency Working Group, that poorly structured regulation could end up turning the crypto market into a financial surveillance tool.
Atkins emphasized that blockchain technology has high efficiency in linking transactions and identities, which raises concerns about possible excessive government interference. He warned that classifying each wallet and each crypto transaction as a potential target for monitoring could result in the creation of a comprehensive financial control system.
The SEC chairman also noted that it is possible to find a balance between national security requirements and the preservation of individual privacy. With the increasing entry of traditional finance into the crypto universe, the debate over privacy is becoming increasingly relevant, especially in light of recent criminal cases that highlight the regulatory challenges in the sector.
#SECCryptoRegulation
#AtkinsForSEC
#blockchain #bitcoin
ASTER/USDT
🚨SEC WARNS CRYPTO COULD BECOME A MASSIVE SPY TOOL
SEC Chair Paul Atkins says blockchain tech could turn into the most powerful financial surveillance system ever.
But he believes there is a way to regulate crypto that stops crime without stripping away people’s privacy......#SECCryptoRegulation #SEC #CPIWatch #SECCryptoRule #blockchain $BTC
$ETH
$BNB
SEC Chair Paul Atkins says blockchain tech could turn into the most powerful financial surveillance system ever.
But he believes there is a way to regulate crypto that stops crime without stripping away people’s privacy......#SECCryptoRegulation #SEC #CPIWatch #SECCryptoRule #blockchain $BTC
$ETH
$BNB
💢SEC Chair Atkins says blockchains are more transparent than any legacy financial system ever built...#SECChair #SECCrypto #SEC #SECCryptoRegulation #Blockchain $BTC $XRP $SOL
🚨 The Privacy vs. Surveillance: SEC Crypto Roundtable Rocks Washington! 🛡️
TODAY: The U.S. Securities and Exchange Commission (SEC) hosted a critical Roundtable on Financial Surveillance and Privacy to tackle one of the crypto world's biggest challenges.
The focus? How regulators can enforce critical financial laws (AML/KYC) without compromising the privacy-preserving features of new blockchain technologies.
Key Conflict Points Discussed:
Zero-Knowledge Proofs (ZKPs): Can technology allow transactions to be verified without revealing the underlying data? And will regulators accept this "trustless" compliance?
Data Security: How much user data is too much for exchanges and financial platforms to hold, and what are the risks?
The Future of Finance: Is it possible to have a truly decentralized, private financial system that still adheres to necessary national security frameworks?
This conversation, featuring regulators, civil liberties advocates, and tech leaders from Zcash and Aleo, sets the stage for future policy decisions. The outcome could define whether privacy-focused crypto projects can thrive in the U.S. market.
#SECCryptoRegulation
#PrivacyDebate
#ZeroKnowledgeProofs
$SWARMS $H $HANA
TODAY: The U.S. Securities and Exchange Commission (SEC) hosted a critical Roundtable on Financial Surveillance and Privacy to tackle one of the crypto world's biggest challenges.
The focus? How regulators can enforce critical financial laws (AML/KYC) without compromising the privacy-preserving features of new blockchain technologies.
Key Conflict Points Discussed:
Zero-Knowledge Proofs (ZKPs): Can technology allow transactions to be verified without revealing the underlying data? And will regulators accept this "trustless" compliance?
Data Security: How much user data is too much for exchanges and financial platforms to hold, and what are the risks?
The Future of Finance: Is it possible to have a truly decentralized, private financial system that still adheres to necessary national security frameworks?
This conversation, featuring regulators, civil liberties advocates, and tech leaders from Zcash and Aleo, sets the stage for future policy decisions. The outcome could define whether privacy-focused crypto projects can thrive in the U.S. market.
#SECCryptoRegulation
#PrivacyDebate
#ZeroKnowledgeProofs
$SWARMS $H $HANA
🚨 SEC Publishes Crypro Asset Custody Bulletin You Must Know
The SEC's new "Crypto Asset Custody Basics" bulletin stresses one point: Your security is your responsibility.
🔑 Crypto Custody 101
Your wallet doesn't store your coins; it stores your private keys. Losing the keys means permanent loss of access to your assets on the blockchain.
Crypto assets include tokens, digital assets, and coins. Their risk level depends on the underlying blockchain technology.
🛡️ Your Two Custody Choices & Risks:
1. Self-Custody: You control your private keys (hardware/software wallet).
Risk: If you lose the keys or seed phrase, your funds are irrevocably lost.
2. Third-Party Custody: A service (like an exchange) controls your private keys.
Risk: You face counterparty risk (e.g., custodian hacks, insolvency, or shutdown).
🔥 SEC's Bottom Line:
Before you pick a method, be fully educated on the technical demands and risks. Don't wait until it's too late!
#cryptocustody
#scamriskwarning
#SECCryptoRegulation
$JCT $LAB $Shoggoth
The SEC's new "Crypto Asset Custody Basics" bulletin stresses one point: Your security is your responsibility.
🔑 Crypto Custody 101
Your wallet doesn't store your coins; it stores your private keys. Losing the keys means permanent loss of access to your assets on the blockchain.
Crypto assets include tokens, digital assets, and coins. Their risk level depends on the underlying blockchain technology.
🛡️ Your Two Custody Choices & Risks:
1. Self-Custody: You control your private keys (hardware/software wallet).
Risk: If you lose the keys or seed phrase, your funds are irrevocably lost.
2. Third-Party Custody: A service (like an exchange) controls your private keys.
Risk: You face counterparty risk (e.g., custodian hacks, insolvency, or shutdown).
🔥 SEC's Bottom Line:
Before you pick a method, be fully educated on the technical demands and risks. Don't wait until it's too late!
#cryptocustody
#scamriskwarning
#SECCryptoRegulation
$JCT $LAB $Shoggoth
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😈㊗️🔥🐸 ToshinAkecoinz🐸㊗️🔥😈
🔥IMPORTANT Announcement 🔥
⚠️☣️ Primarily to the Financial Market and to the Hackers 🌎 but I want to name one in particular
Their team of Anonymous 👹, finally wanted your attention and that's how I wanted it, Recently the SEC officials are going to supervise the market more closely and especially the volatility of PEPE within the trend system 💹🐸 just like BITCOIN including ETHERIUM due to their ETFs, it is satisfaction for me what I wanted to achieve and I wanted it, but this time the game will be different, 🎳, this time you do not win👹 just as I took care of cleaning what you have damaged believing you own the market stealing and bleeding others dry, thus you will be nothing nor will you be anymore
#SECCryptoRegulation #SecurityAlert #SEC #Secret_Tools
I want the world to know something🌍🌍🌍
In the world the programmers, hackers, thieving individuals, scammers, who waste their time on the easy things waste their life time and it goes away and thus they remain in a limbo where they believe they are the bad guys in history.
㊗️㊗️ Secret Fact 🔥 A team of Anonymous Wants and WANTED because you are trash for how you work, Aiming to weaken the market and make BITCOIN fall to 70-75k to then make it fall to 30-40k and finally provoke a disaster in the world 🌎 to get rich just a percentage of the world 🌎 ㊗️㊗️
㊗️㊗️ Secret Fact ㊙️㊙️ THEY CREATE independent coins overnight that rise in price due to their PUMP with the aim of profiting from illicit businesses, they make the market 💹 bearish and the only coin with an upward trend is theirs because when they rise to 20k 30k Holders no longer rise more in price because they have already scammed.
㊙️㊗️ Secret fact ㊗️㊙️ A team of hackers is recently advocating and investing because PEPE falls even they talk and take risks of losing more than their freedom 🔥
🔥IMPORTANT Announcement 🔥
⚠️☣️ Primarily to the Financial Market and to the Hackers 🌎 but I want to name one in particular
Their team of Anonymous 👹, finally wanted your attention and that's how I wanted it, Recently the SEC officials are going to supervise the market more closely and especially the volatility of PEPE within the trend system 💹🐸 just like BITCOIN including ETHERIUM due to their ETFs, it is satisfaction for me what I wanted to achieve and I wanted it, but this time the game will be different, 🎳, this time you do not win👹 just as I took care of cleaning what you have damaged believing you own the market stealing and bleeding others dry, thus you will be nothing nor will you be anymore
#SECCryptoRegulation #SecurityAlert #SEC #Secret_Tools
I want the world to know something🌍🌍🌍
In the world the programmers, hackers, thieving individuals, scammers, who waste their time on the easy things waste their life time and it goes away and thus they remain in a limbo where they believe they are the bad guys in history.
㊗️㊗️ Secret Fact 🔥 A team of Anonymous Wants and WANTED because you are trash for how you work, Aiming to weaken the market and make BITCOIN fall to 70-75k to then make it fall to 30-40k and finally provoke a disaster in the world 🌎 to get rich just a percentage of the world 🌎 ㊗️㊗️
㊗️㊗️ Secret Fact ㊙️㊙️ THEY CREATE independent coins overnight that rise in price due to their PUMP with the aim of profiting from illicit businesses, they make the market 💹 bearish and the only coin with an upward trend is theirs because when they rise to 20k 30k Holders no longer rise more in price because they have already scammed.
㊙️㊗️ Secret fact ㊗️㊙️ A team of hackers is recently advocating and investing because PEPE falls even they talk and take risks of losing more than their freedom 🔥
💥 SEC Greenlights DTCC Plan to Tokenize U.S. Stocks, Bonds, and Treasuries 🚀
The Depository Trust & Clearing Corporation (DTCC)—the central clearance and settlement backbone of the U.S. financial system—has received a major "No-Action Letter" from the SEC to proceed with its tokenization service.
This is a monumental step toward integrating blockchain into the core of traditional finance (TradFi).
Key Takeaways
Service Approved: The DTC (a DTCC subsidiary) is authorized to offer a tokenization service to market participants.
Eligible Assets: The service covers major U.S. securities:
Stocks: Securities in the Russell 1000 Index.
Fixed Income: U.S. Treasury bills, notes, and bonds.
ETFs: Major exchange-traded funds.
Legal Standing: Tokenized assets will have the same legal rights, investor protections, and ownership as their traditional counterparts.
The Platform: The service will run on the DTCC's ComposerX platform.
Launch Timeline: DTC expects to launch the service in the second half of 2026 for an initial three-year period.
Market Implications
Faster Settlement: Facilitates a move from T+2 (days) toward near-instant (T+0) or real-time settlement, drastically reducing risk.
24/7 Liquidity: Opens the door for potential 24/7 trading of assets.
Programmability: Introduces "programmable assets" through smart contracts, embedding compliance and business logic directly into the token.
Regulatory Endorsement: Signals clear regulatory comfort with using Distributed Ledger Technology (DLT) for critical financial infrastructure.
Bridging TradFi and DeFi: Creates a regulated pathway for the massive Real-World Asset (RWA) tokenization market.
#TokenizationOfRWA
#SECCryptoRegulation
#BinanceAlphaAlert
$TROLL $JELLYJELLY $FARTCOIN
The Depository Trust & Clearing Corporation (DTCC)—the central clearance and settlement backbone of the U.S. financial system—has received a major "No-Action Letter" from the SEC to proceed with its tokenization service.
This is a monumental step toward integrating blockchain into the core of traditional finance (TradFi).
Key Takeaways
Service Approved: The DTC (a DTCC subsidiary) is authorized to offer a tokenization service to market participants.
Eligible Assets: The service covers major U.S. securities:
Stocks: Securities in the Russell 1000 Index.
Fixed Income: U.S. Treasury bills, notes, and bonds.
ETFs: Major exchange-traded funds.
Legal Standing: Tokenized assets will have the same legal rights, investor protections, and ownership as their traditional counterparts.
The Platform: The service will run on the DTCC's ComposerX platform.
Launch Timeline: DTC expects to launch the service in the second half of 2026 for an initial three-year period.
Market Implications
Faster Settlement: Facilitates a move from T+2 (days) toward near-instant (T+0) or real-time settlement, drastically reducing risk.
24/7 Liquidity: Opens the door for potential 24/7 trading of assets.
Programmability: Introduces "programmable assets" through smart contracts, embedding compliance and business logic directly into the token.
Regulatory Endorsement: Signals clear regulatory comfort with using Distributed Ledger Technology (DLT) for critical financial infrastructure.
Bridging TradFi and DeFi: Creates a regulated pathway for the massive Real-World Asset (RWA) tokenization market.
#TokenizationOfRWA
#SECCryptoRegulation
#BinanceAlphaAlert
$TROLL $JELLYJELLY $FARTCOIN
Convert 77.4225 YGG to 1.01542574 INJ
💥BREAKING:
🇺🇸 SEC CHAIR PAUL ATKINS: US FINANCIAL MARKETS ARE MOVING “ON-CHAIN.”
“SEC IS PRIORITIZING INNOVATION AND EMBRACING NEW TECHNOLOGIES TO ENABLE THIS ON-CHAIN FUTURE.”
#CryptoIntegration
#BinanceBlockchainWeek
#SECCryptoRegulation
#SEC
#TrumpTariffs
🇺🇸 SEC CHAIR PAUL ATKINS: US FINANCIAL MARKETS ARE MOVING “ON-CHAIN.”
“SEC IS PRIORITIZING INNOVATION AND EMBRACING NEW TECHNOLOGIES TO ENABLE THIS ON-CHAIN FUTURE.”
#CryptoIntegration
#BinanceBlockchainWeek
#SECCryptoRegulation
#SEC
#TrumpTariffs
🚨 SEC Puts Crypto Privacy on Trial: Zcash, StarkWare, and ACLU Square Off on ZK-Proofs and Surveillance! 🛡️
The U.S. Securities and Exchange Commission (SEC) is officially diving into the high-stakes debate between financial surveillance and privacy-enhancing technology.
Mark your calendars: On December 15, 2025, the SEC's Crypto Task Force will host a pivotal roundtable in Washington, D.C., focusing on the technical and legal challenges posed by privacy innovations like Zero-Knowledge Proofs (ZKPs).
Why This Matters Now
For years, privacy protocols have been viewed skeptically by regulators. This event signifies a crucial shift: Regulators are actively engaging with the developers and advocates building these tools, acknowledging their potential role in the future of finance.
Key takeaways from the agenda:
When & Where: Monday, December 15, 2025,
from 1:00 p.m. to 5:00 p.m. ET, at SEC
Headquarters (Live webcast available).
The Technology: The spotlight is on ZK-proofs—cryptographic tools that allow users to prove a statement (like satisfying a KYC requirement) without revealing the underlying data itself.
The Players: The discussion will be moderated by Yaya J. Fanusie (Aleo) and feature a packed lineup of industry leaders and advocates, including:
Zooko Wilcox (Zcash): Pioneers of privacy coins.
Katherine Kirkpatrick Bos (StarkWare): Leaders in ZK scaling solutions.
Jay Stanley (ACLU): Bringing the civil liberties and data privacy perspective.
Other key figures from Aleo, Espresso Systems, the Blockchain Association, and more.
⚖️ The Core Conflict
The central tension of the day will be finding a middle ground: How can financial institutions and regulators fulfill essential AML/KYC and anti-fraud obligations without compromising the fundamental privacy of users? Can ZK-proofs be the bridge?
#PrivacyCoinSurge
#ZeroKnowledgeProofs
#SECCryptoRegulation
$LYN $RIVER $PLAYSOLANA
The U.S. Securities and Exchange Commission (SEC) is officially diving into the high-stakes debate between financial surveillance and privacy-enhancing technology.
Mark your calendars: On December 15, 2025, the SEC's Crypto Task Force will host a pivotal roundtable in Washington, D.C., focusing on the technical and legal challenges posed by privacy innovations like Zero-Knowledge Proofs (ZKPs).
Why This Matters Now
For years, privacy protocols have been viewed skeptically by regulators. This event signifies a crucial shift: Regulators are actively engaging with the developers and advocates building these tools, acknowledging their potential role in the future of finance.
Key takeaways from the agenda:
When & Where: Monday, December 15, 2025,
from 1:00 p.m. to 5:00 p.m. ET, at SEC
Headquarters (Live webcast available).
The Technology: The spotlight is on ZK-proofs—cryptographic tools that allow users to prove a statement (like satisfying a KYC requirement) without revealing the underlying data itself.
The Players: The discussion will be moderated by Yaya J. Fanusie (Aleo) and feature a packed lineup of industry leaders and advocates, including:
Zooko Wilcox (Zcash): Pioneers of privacy coins.
Katherine Kirkpatrick Bos (StarkWare): Leaders in ZK scaling solutions.
Jay Stanley (ACLU): Bringing the civil liberties and data privacy perspective.
Other key figures from Aleo, Espresso Systems, the Blockchain Association, and more.
⚖️ The Core Conflict
The central tension of the day will be finding a middle ground: How can financial institutions and regulators fulfill essential AML/KYC and anti-fraud obligations without compromising the fundamental privacy of users? Can ZK-proofs be the bridge?
#PrivacyCoinSurge
#ZeroKnowledgeProofs
#SECCryptoRegulation
$LYN $RIVER $PLAYSOLANA
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Just posted a dynamic update and got a job 🌚 Am I some kind of destined person? $RSR
#SECCryptoRegulation
#SECCryptoRegulation
The crypto market remains volatile as Bitcoin $BTC trades below $95,000, struggling against macroeconomic uncertainty and shifting regulatory narratives. While the potential resolution of the Ukraine-Russia conflict is a positive development, lingering U.S. trade war policies continue to create uncertainty in risk markets.
#SECCryptoRegulation
Meanwhile, Binance and the #SEC have jointly requested a 60-day pause in their ongoing legal case. This unexpected move comes as the SEC forms a new task force focused on crypto, signaling a possible shift in regulatory enforcement. If the stay is approved, it could set a new tone for how major exchanges engage with regulators.
While Bitcoin $BTC struggles, one token is capturing attention B3. Built on Base to optimize settlement costs and enhance transaction efficiency, B3 aims to revolutionize on-chain gaming, creating a seamless experience for both players and game creators.
Beyond the gaming sector, Brazil’s leading stock exchange, B3, is making major moves in crypto adoption. Having launched Bitcoin $BTC futures last year, it is now integrating AI, blockchain, and tokenization technologies into its infrastructure. These innovations could drive institutional adoption of tokenized assets, positioning Brazil as a key hub for crypto expansion.
Currently, B3 is gaining momentum on CEXs (BingX), with an impressive gain. This reflects increasing investor interest in on-chain applications and real-world asset (RWA) tokenization.
Will Bitcoin regain momentum? Investors are closely watching macroeconomic developments.
How will Binance’s case impact crypto regulations? The SEC’s evolving stance could set new precedents.
#SECCryptoRegulation
Meanwhile, Binance and the #SEC have jointly requested a 60-day pause in their ongoing legal case. This unexpected move comes as the SEC forms a new task force focused on crypto, signaling a possible shift in regulatory enforcement. If the stay is approved, it could set a new tone for how major exchanges engage with regulators.
While Bitcoin $BTC struggles, one token is capturing attention B3. Built on Base to optimize settlement costs and enhance transaction efficiency, B3 aims to revolutionize on-chain gaming, creating a seamless experience for both players and game creators.
Beyond the gaming sector, Brazil’s leading stock exchange, B3, is making major moves in crypto adoption. Having launched Bitcoin $BTC futures last year, it is now integrating AI, blockchain, and tokenization technologies into its infrastructure. These innovations could drive institutional adoption of tokenized assets, positioning Brazil as a key hub for crypto expansion.
Currently, B3 is gaining momentum on CEXs (BingX), with an impressive gain. This reflects increasing investor interest in on-chain applications and real-world asset (RWA) tokenization.
Will Bitcoin regain momentum? Investors are closely watching macroeconomic developments.
How will Binance’s case impact crypto regulations? The SEC’s evolving stance could set new precedents.
See original
📢 Today's Key Developments in the Crypto World (January 25, 2025):
1. Market Outlook:
• $BTC (BTC): Currently trading at $102,378.
• $ETH (ETH): At $3,218.67.
• $BNB : At $689.94.
• (SOL): At $251.28.
• Cardano (ADA): At $0.9648.
2. New ETF Applications:
• New ETF applications have been filed for Solana (SOL) and Litecoin (LTC). These steps may increase the interest of institutional investors in cryptocurrencies. 
3. Important Step from the SEC:
• The U.S. Securities and Exchange Commission (SEC) has lifted a controversial crypto rule. This change could pave the way for more flexible regulations in the cryptocurrency market. 
4. Exchange Rates:
• Dollar/TL: 35.66 TL
• Euro/TL: 37.12 TL
Following these developments in the cryptocurrency market closely is important for your investment decisions. Since market dynamics can change rapidly, continue to follow up-to-date information.
#TrumpCryptoOrder #SOLETFsOnTheHorizon #BinanceAlphaAlert #SECCryptoRegulation
1. Market Outlook:
• $BTC (BTC): Currently trading at $102,378.
• $ETH (ETH): At $3,218.67.
• $BNB : At $689.94.
• (SOL): At $251.28.
• Cardano (ADA): At $0.9648.
2. New ETF Applications:
• New ETF applications have been filed for Solana (SOL) and Litecoin (LTC). These steps may increase the interest of institutional investors in cryptocurrencies. 
3. Important Step from the SEC:
• The U.S. Securities and Exchange Commission (SEC) has lifted a controversial crypto rule. This change could pave the way for more flexible regulations in the cryptocurrency market. 
4. Exchange Rates:
• Dollar/TL: 35.66 TL
• Euro/TL: 37.12 TL
Following these developments in the cryptocurrency market closely is important for your investment decisions. Since market dynamics can change rapidly, continue to follow up-to-date information.
#TrumpCryptoOrder #SOLETFsOnTheHorizon #BinanceAlphaAlert #SECCryptoRegulation
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🚨BREAKING: LA #SEC 🇺🇸 HAS JUST ISSUED A STATEMENT CONFIRMING THAT THEY DO NOT VIEW THE MAJORITY OF MEMECOINS AS SECURITIES ‼️👀
#MemeWatch2024 #meme板块关注热点 #memecoin🚀🚀🚀 #SECCryptoRegulation $MEME
#MemeWatch2024 #meme板块关注热点 #memecoin🚀🚀🚀 #SECCryptoRegulation $MEME
Court Ruling in Kraken vs. SEC Case: Key Orders
Court Rejects Kraken's Request for Documents
In the legal battle between cryptocurrency exchange Kraken and the U.S. Securities and Exchange Commission (SEC), the court issued a significant ruling. It denied Kraken's request to compel the production of documents related to Bitcoin (BTC), Ethereum (ETH), public SEC statements, and internal regulatory policies on digital assets.
Court Dismisses Kraken's Request for SEC Documents
Magistrate Judge Robert Illman of the California court rejected Kraken’s demand for key documents. Kraken sought evidence on why the SEC excluded Bitcoin and Ethereum from its complaint, despite these assets being traded similarly to 11 other tokens on the platform.
The court found this request “unpersuasive”, stating that it was overly broad and irrelevant to the SEC’s claims regarding the 11 tokens. Additionally, the court noted that such requests would impose an unnecessary burden on both parties.
SEC Policies and Public Statements Deemed Irrelevant
Kraken also requested access to internal SEC policies and guidance regarding digital assets, including the application of the Howey Test to tokens traded on its platform. The court ruled that such information extends beyond the scope of tokens like ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and SOL, making it irrelevant to the case.
The judge stated:
“For the reasons outlined below, the defendants' motion to compel the requested information is denied.”
The court further rejected Kraken’s request for evidence related to public SEC statements about digital asset regulation. While Kraken argued that former SEC Division Director William Hinman’s remarks were relevant to the status of Bitcoin and Ethereum under federal securities laws, the court found this argument insufficiently supported.
SEC Arguments and Prior Court Rulings
Judge William Orrick previously confirmed that contracts and expectations related to sales could form an investment contract. Based on this reasoning, the court had earlier denied Kraken’s motion to dismiss the SEC lawsuit.
The SEC contended that during initial offerings and subsequent transactions on Kraken, these assets were sold as investment contracts, in violation of federal securities laws.
Ripple and SEC Appeals
As part of broader regulatory issues in the crypto industry, the SEC plans to file its principal appeal brief by January 15. Meanwhile, Ripple has countersued, criticizing the SEC’s rules and guidance as inconsistent and unclear. Ripple’s appeal focuses on defining an investment contract, institutional sales of XRP, and fair notice protections.
The Kraken vs. SEC case highlights the complexities of cryptocurrency regulation and is likely to set a precedent for future legal disputes in the industry.
#Kraken , #SECCryptoRegulation , #CryptoNewss , #digitalassets , #cryptoregulation
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
In the legal battle between cryptocurrency exchange Kraken and the U.S. Securities and Exchange Commission (SEC), the court issued a significant ruling. It denied Kraken's request to compel the production of documents related to Bitcoin (BTC), Ethereum (ETH), public SEC statements, and internal regulatory policies on digital assets.
Court Dismisses Kraken's Request for SEC Documents
Magistrate Judge Robert Illman of the California court rejected Kraken’s demand for key documents. Kraken sought evidence on why the SEC excluded Bitcoin and Ethereum from its complaint, despite these assets being traded similarly to 11 other tokens on the platform.
The court found this request “unpersuasive”, stating that it was overly broad and irrelevant to the SEC’s claims regarding the 11 tokens. Additionally, the court noted that such requests would impose an unnecessary burden on both parties.
SEC Policies and Public Statements Deemed Irrelevant
Kraken also requested access to internal SEC policies and guidance regarding digital assets, including the application of the Howey Test to tokens traded on its platform. The court ruled that such information extends beyond the scope of tokens like ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and SOL, making it irrelevant to the case.
The judge stated:
“For the reasons outlined below, the defendants' motion to compel the requested information is denied.”
The court further rejected Kraken’s request for evidence related to public SEC statements about digital asset regulation. While Kraken argued that former SEC Division Director William Hinman’s remarks were relevant to the status of Bitcoin and Ethereum under federal securities laws, the court found this argument insufficiently supported.
SEC Arguments and Prior Court Rulings
Judge William Orrick previously confirmed that contracts and expectations related to sales could form an investment contract. Based on this reasoning, the court had earlier denied Kraken’s motion to dismiss the SEC lawsuit.
The SEC contended that during initial offerings and subsequent transactions on Kraken, these assets were sold as investment contracts, in violation of federal securities laws.
Ripple and SEC Appeals
As part of broader regulatory issues in the crypto industry, the SEC plans to file its principal appeal brief by January 15. Meanwhile, Ripple has countersued, criticizing the SEC’s rules and guidance as inconsistent and unclear. Ripple’s appeal focuses on defining an investment contract, institutional sales of XRP, and fair notice protections.
The Kraken vs. SEC case highlights the complexities of cryptocurrency regulation and is likely to set a precedent for future legal disputes in the industry.
#Kraken , #SECCryptoRegulation , #CryptoNewss , #digitalassets , #cryptoregulation
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
JUST IN: 🇺🇸 President-elect Trump's team interviews pro-crypto Paul Atkins to replace Gary Gensler as SEC Chair.
Source : https://watcher.guru/news/trump-team-interviews-pro-crypto-paul-atkins-for-sec-chair#Google vignette
#SECCryptoRegulation #TrumpCryptoSupport
Source : https://watcher.guru/news/trump-team-interviews-pro-crypto-paul-atkins-for-sec-chair#Google vignette
#SECCryptoRegulation #TrumpCryptoSupport
📢📢 SEC Drops Investigation into Web3 Gaming Firm Immutable
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum-based gaming platform Immutable with no enforcement action, the company announced Tuesday.
The decision ends a five-month tussle that began when the regulator issued Immutable a Wells Notice in October 2024, which probed into potential enforcement actions over alleged securities law violations related to the company's IMX token.
With no further legal consequences against Immutable, the IMX Ecosystem Foundation, and its CEO James Ferguson, the resolution was touted by the company as "a win for Web3 gaming" and "everyone who believes in digital ownership rights.”
The now-closed investigation focused on alleged securities violations related to IMX token sales in 2021, when Immutable raised at least $12.5 million. The SEC had also questioned representations about the token's backing, particularly regarding a pre-launch investment from Huobi Ventures.
In retrospect, it's worth mentioning that the IMX tokens in question were dumped by GameStop in 2022 to the tune of roughly $47 million at the time, following a now badly-ended deal between Immutable and GameStop in which the latter launched an NFT marketplace that made use of Immutable X's layer-2 scaling solution to process transactions.
#BinanceEarnYieldArena #SECCryptoAccounting #SECCrypto #SECvsRipple #SECCryptoRegulation
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum-based gaming platform Immutable with no enforcement action, the company announced Tuesday.
The decision ends a five-month tussle that began when the regulator issued Immutable a Wells Notice in October 2024, which probed into potential enforcement actions over alleged securities law violations related to the company's IMX token.
With no further legal consequences against Immutable, the IMX Ecosystem Foundation, and its CEO James Ferguson, the resolution was touted by the company as "a win for Web3 gaming" and "everyone who believes in digital ownership rights.”
The now-closed investigation focused on alleged securities violations related to IMX token sales in 2021, when Immutable raised at least $12.5 million. The SEC had also questioned representations about the token's backing, particularly regarding a pre-launch investment from Huobi Ventures.
In retrospect, it's worth mentioning that the IMX tokens in question were dumped by GameStop in 2022 to the tune of roughly $47 million at the time, following a now badly-ended deal between Immutable and GameStop in which the latter launched an NFT marketplace that made use of Immutable X's layer-2 scaling solution to process transactions.
#BinanceEarnYieldArena #SECCryptoAccounting #SECCrypto #SECvsRipple #SECCryptoRegulation
SEC Commissioner Says It's Time to Stop Tough Crypto Rules
ark Uyeda, Commissioner in the U.S. Securities and Exchange Commission (SEC), says it's time to stop what he calls the SEC's “war on crypto.” Uyeda, who could soon replace current SEC Chair Gary Gensler, believes that the SEC’s tough stance on crypto is unfair. He argues that the agency often takes legal action against crypto companies for not registering properly, even when there’s no fraud or harm involved. Many in the crypto world agree and have spent millions trying to fight the SEC’s strict approach.
With Donald Trump’s recent election win, the crypto industry is hoping for a shift in government policy. Trump has promised to support digital assets, even suggesting he’ll create a national Bitcoin reserve. If these changes go through, pro-crypto leaders like Uyeda or Hester Peirce might lead the SEC, possibly softening the agency’s rules and helping the crypto market grow.
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With Donald Trump’s recent election win, the crypto industry is hoping for a shift in government policy. Trump has promised to support digital assets, even suggesting he’ll create a national Bitcoin reserve. If these changes go through, pro-crypto leaders like Uyeda or Hester Peirce might lead the SEC, possibly softening the agency’s rules and helping the crypto market grow.
what you think about this. don't forget to comment. like and follow for more information.
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It is a powerful tool for understanding the markets and improving your trading skills. Don't miss the opportunity to expand your knowledge and take your financial education to the next level.
We look forward to seeing you at ReworkMaster for a unique learning experience! 🚀💼#TopCoinsSeptember #BecomeCreator #SECCryptoRegulation #SEC #Giukianox $BTC $XRP $BNB
Big moves from the SEC recently that could change the game for crypto in the US. First, they’re stepping back from a proposal that would've forced some crypto firms to register as alternative trading systems—finally recognizing that bundling crypto with Treasury markets just doesn’t make sense.
Even bigger news: the SEC is ditching SAB 121, which used to require banks to list crypto assets they held for clients as liabilities on their balance sheets. That rule made it super hard for traditional banks to get into crypto custody—so this rollback is a major win.
All in all, it looks like we're heading toward a more open, balanced regulatory environment. Let’s hope this is the beginning of real clarity for the crypto space.
#CryptoNews #SECGuidance #Blockchain #CryptoRegulation #SECCryptoRegulation
$BTC $ETH $BNB
Even bigger news: the SEC is ditching SAB 121, which used to require banks to list crypto assets they held for clients as liabilities on their balance sheets. That rule made it super hard for traditional banks to get into crypto custody—so this rollback is a major win.
All in all, it looks like we're heading toward a more open, balanced regulatory environment. Let’s hope this is the beginning of real clarity for the crypto space.
#CryptoNews #SECGuidance #Blockchain #CryptoRegulation #SECCryptoRegulation
$BTC $ETH $BNB
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