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sec
44 stories
Peirce, on her way out of the SEC, calls for scrapping the KYC "panopticon"
Departing SEC Commissioner Hester Peirce told a SIFMA conference that zero-knowledge proofs should replace bulk KYC data collection, which she called a hackable "panopticon" that endangers the people it aims to protect.
MoonPay to buy North Capital, adding SEC registrations for its tokenization push
MoonPay says it will acquire SEC-registered private-markets platform North Capital in an all-stock deal that CoinDesk sources value at more than $60 million, pending regulatory approval.
SEC fines OTC Link $575,000 over years of ignored cybersecurity rule warnings
The SEC censured broker-dealer OTC Link LLC and fined it $575,000 for failing to establish and enforce cybersecurity policies required under Regulation SCI over nearly nine years, despite repeated examiner warnings.
Crypto.com's Nadex registers with the SEC for single-stock futures; perps still pending
Crypto.com's CFTC-regulated Nadex exchange registered with the SEC to trade security futures, effective mid-September, while CEO Kris Marszalek says the firm is separately seeking approval for single-stock perpetual futures.
Decrypt Says the Clarity Act Has Failed and US Regulators Are Pressing On — but the Details Aren't Confirmed
Decrypt reports that the Clarity Act — the US crypto market-structure bill — has failed, and that the SEC and CFTC are pressing ahead on crypto oversight under existing authority; the vote details and the agencies' specific steps could not be independently confirmed.
17 state AGs move to block the Clarity Act as the Senate readies a first vote
New York AG Letitia James and 16 other state attorneys general urged the Senate to reject the Clarity Act on the eve of a procedural vote, warning it could let the SEC preempt state fraud enforcement.
CFTC Sets 30% Default for Whistleblower Awards Under $5 Million, Matching SEC
The CFTC finalized a rule creating a 30% presumption for whistleblower awards of $5 million or less, aligning its program with the SEC's approach.
SEC Moves to Scrap Its 15-Year-Old "Pay-to-Play" Rule for Investment Advisers
The SEC voted to propose rescinding its 2010 "pay-to-play" rule barring investment advisers from managing government money for two years after making political contributions, opening a 60-day comment period.
SEC Charges Two Bay Area Fund Executives Over $80M Ponzi-Like Scheme
The SEC charged two former Pacific Private Money Group executives with running a Ponzi-like scheme that raised over $80 million from roughly 190 mostly retired investors, with recoverable assets now estimated below $17 million.
SEC sets Sept. 17 roundtable on 24-hour trading, names panels from NYSE, Nasdaq, BlackRock, Citadel Securities
The SEC released the agenda and panelist list for a Sept. 17 public roundtable on preparing U.S. equity markets for 24-hour trading, with three panels covering readiness, resiliency and market-structure impacts.
SEC Moves to Rewrite 1980s-Era Transfer Agent Rules, Citing Blockchain
The SEC voted to propose the first substantive overhaul of its transfer-agent rules since the early 1980s, explicitly citing blockchain and electronic recordkeeping, with a 60-day comment window to follow.
CFTC and SEC Push Form PF Compliance Deadline to July 2027
The CFTC and SEC jointly pushed the compliance deadline for the 2024 Form PF amendments back nine months to July 1, 2027, while they reconsider rules they have since proposed to change or scrap.
Evernorth's S-4 goes effective, putting an XRP treasury vehicle on track for Nasdaq
Evernorth, an XRP treasury company backed by Ripple, said the SEC declared its S-4 effective, clearing a path to list on Nasdaq under the ticker XRPN via a SPAC merger with Armada Acquisition Corp. II.
SEC charges 38 shell 'advisers' that used its own filing system as a credibility prop
The SEC charged 38 entities on August 27 with filing false Forms ADV — fake Colorado addresses, dead phone numbers and auditors that appear in no accountancy registry — to pose as U.S. investment advisers.
Kalshi's Form D shows $1.12 billion sold since April — and $380 million still unsold
A Form D filed Tuesday with the SEC shows prediction market Kalshi has sold $1.12 billion of equity since April 3, with roughly $380 million left unsold under the same notice.
Grayscale files again to turn its Zcash Trust into an ETF, at a 2.5% fee
Grayscale filed another amended S-1 on Friday to convert its 2017-era Zcash Trust into a NYSE Arca-listed ETF under the ticker ZCH, with a 2.5% annual sponsor fee and no SEC approval yet.
Grayscale's Zcash ETF filing names a DCG affiliate as a would-be 200,000 ZEC contributor — with no obligation attached
Grayscale's fourth amended filing to convert its Zcash trust into an NYSE Arca-listed ETF discloses that a Digital Currency Group subsidiary is in nonbinding talks to contribute roughly 200,000 ZEC.
The SEC says it has proposed crypto fundraising exemptions. What it has actually published so far is a video and a slogan.
SEC Chair Paul Atkins announced a rulemaking package he calls Regulation Crypto Assets, which Decrypt reports would create fundraising exemptions for token issuers; the rule text, thresholds and comment period remain unpublished.
SEC proposes bespoke token-offering rules, with a safe harbor that switches off "investment contract"
The SEC has proposed "Regulation Crypto Assets," a pair of Securities Act exemptions capped at $5 million and $75 million plus a conditional safe harbor that would take qualifying tokens outside the definition of a security, with comments open for 60 days.
SEC charges New York operator over $74M "pre-IPO" fund scheme built on hidden markups
The SEC sued New York's Andrew Spaventa and three of his firms on Friday, alleging eleven "pre-IPO" funds raised $74 million from 800 retail investors while charging undisclosed markups averaging 46%.
SEC charges three Toms River men over $47 million affinity fraud aimed at Orthodox Jewish investors
The SEC says Leor Moshe raised about $47 million from more than 87 investors for a business-lending fund that mostly wasn't, with two unregistered recruiters bringing in $23 million of it.
SEC staff clears Franklin Templeton's traditional funds to park cash in its own onchain money fund
SEC staff issued Franklin Templeton a no-action letter letting its conventional mutual funds and ETFs hold shares of its blockchain-based FOBXX money fund for cash management without meeting certain 1940 Act custody conditions.
Fidelity Files to Stake the Ether Inside Its Ethereum ETF
Decrypt reported on August 12 that Fidelity has filed to let its spot Ethereum ETF stake its holdings and route the rewards to shareholders; the filing's terms remain unconfirmed.
CFTC sues Goliath Ventures and its CEO over alleged $397 million crypto Ponzi scheme
The CFTC filed a civil complaint in Florida federal court alleging Goliath Ventures and CEO Christopher Delgado ran a Ponzi scheme that took at least $397 million from roughly 1,600 customers.
SEC charges Adit Ventures and CEO Eric Munson over pre-IPO funds
The SEC on August 10 charged New York adviser Adit Ventures Management, CEO Eric Munson and three affiliated general partners with misappropriating client assets and taking millions in undisclosed fees on pre-IPO deals.
SEC charges pre-IPO fund adviser Adit Ventures and its CEO with fraud; defendants settle without admitting
The SEC says Adit Ventures Management, CEO Eric Munson and three affiliated general partners defrauded investors in SpaceX and Klarna pre-IPO share funds; all settled without admitting the allegations.
Grayscale pulls its Cardano, Polkadot and Hedera ETF registrations
Grayscale withdrew SEC registration statements for proposed Cardano, Polkadot and Hedera ETFs late Friday, telling the regulator it will not proceed with the offerings.
Wintermute registers a U.S. broker-dealer, opening a path into stocks, options and ETF creation
Crypto market maker Wintermute has registered a New York subsidiary as a broker-dealer with the SEC and FINRA, allowing it to trade U.S. stocks and options and act as an ETF Authorized Participant.
SEC builds a dedicated accounting-fraud unit — with no headcount, no budget, and no mention of digital assets
The SEC created a Financial Reporting and Accounting Unit inside its Enforcement Division on August 5, 2026, led by Timothy Zimmerman, with no headcount, budget or effective date disclosed.
BlackRock's "BRSRV" surfaces in an SEC filing link — announced by Solana, not BlackRock
Solana's official X account announced that BlackRock filed with the SEC for a tokenized "stablecoin reserve" vehicle called BRSRV, pointing to a single EDGAR document and no BlackRock statement.
SEC Sets September 17 Roundtable on 24-Hour Stock Trading
The SEC said it will hold a public roundtable on September 17, 2026 to discuss preparations for round-the-clock trading in U.S. equity markets, with agenda and panelists still to come.
SEC Sets September Roundtable on 24-Hour Equity Trading
The SEC will hold a public roundtable on September 17, 2026, to weigh moving U.S. equity markets toward around-the-clock trading, and is taking public comment under File No. 4-913.
Peirce weighs in on crypto vaults and onchain lending — as a commissioner, not the Commission
SEC Commissioner Hester Peirce published a personal statement on crypto vaults and onchain lending strategies on July 22, addressing how DeFi "curator" roles fit existing securities law.
Grayscale's Worldcoin ETF filing puts the project's centralization in writing: 100 wallets, 90% of the supply
Grayscale's July 20 S-1 for a proposed Worldcoin ETF discloses that the largest 100 wallets hold roughly 90% of circulating WLD and that governance "remains substantially guided by the World Foundation.
SEC's No. 2 Enforcement Official Sam Waldon to Depart July 31
The SEC said Sam Waldon, its Principal Deputy Director of Enforcement, will leave the agency on July 31 after 14 years; Osman Nawaz, who rejoined last month, will replace him.
SEC proposes making electronic delivery the default for investor disclosures
The SEC voted to propose Regulation E-Delivery on July 16, 2026, a rule letting issuers, broker-dealers and advisers default to electronic rather than paper delivery of required disclosures; it now heads to public comment.
SEC to hold July 13 roundtable on reworking the IPO process
The SEC will livestream a July 13 roundtable on overhauling the IPO process and making it easier for companies to go and stay public, its small-business advocate and Corporation Finance division announced July 8.
SEC's Atkins declares the end of 'regulation by enforcement' — but the post is a slogan, not a docket
SEC Chairman Paul Atkins said the agency has ended the "regulation by enforcement" era and refocused on investor-protection cases — a statement of posture, posted with no case numbers or specifics attached.
Avalanche Treasury Corp warns the SEC it may not last the year
Avalanche Treasury Corp warned the SEC of "substantial doubt" about its survival after its AVAX stockpile fell more than half underwater and its stock lost 93% in a month following its Nasdaq debut.
SEC wins $5.5M default judgment against fake crypto platform NanoBit
A federal judge in Brooklyn entered a $5.5 million default judgment against NanoBit and five co-defendants over a fake crypto trading platform that the SEC says defrauded 18 investors of roughly $1 million.
SEC's Atkins marks a year of "historic steps" on crypto — without naming one
SEC Chairman Paul Atkins posted a video statement on July 2 claiming a year of "historic steps" to modernize crypto rules, but named no specific rule, action, or timeline.
SEC and CFTC Ask the Public Three More Questions About Harmonizing Derivatives Rules — and Propose Nothing
Over two weeks in June 2026, the SEC and CFTC issued three joint requests for public comment on harmonizing derivatives rules — product definitions, data reporting and portfolio margining — but proposed no actual rules.
SEC Opens a 60-Day Comment Window on "Novel" ETFs — Without Once Saying "Crypto"
The SEC issued a June 30 request for 60 days of public comment on ETFs holding "innovative asset classes," while naming no specific asset and changing no rules.
SEC opens 60-day comment period on reworking ETF rules, with crypto funds in the frame
The SEC has opened a 60-day public comment period on reworking its fast-track ETF listing rules, asking whether funds holding non-securities such as crypto can qualify as investment companies.