Browsing: SEC

Bitcoin value surges close to record highs as the SEC unveils a task force to reshape cryptocurrency regulations.

The SEC’s new leadership has formed a task force to develop a clear regulatory framework for crypto assets, signaling a shift in policy under the new administration.

President Trump’s rapid-fire approach to digital finance policy in his early days has sent shockwaves through the crypto world, promising a new era of innovation and regulatory clarity.

President Trump’s executive order aims to foster a more crypto-friendly environment by rescinding previous orders and establishing a working group to assess digital asset regulations. Also, the SEC’s new task force looks to clarify regulations and to move away from reactive enforcement actions.

Bybit, a major cryptocurrency exchange, experienced a massive security breach, resulting in the theft of $1.4 billion in Ethereum, marking the largest crypto hack in history. The SEC also announced a new unit focused on cyber and emerging technology threats.

The SEC is reportedly planning to drop its lawsuit against Coinbase, indicating a potential shift in the agency’s approach to regulating the crypto industry under new leadership.

The SEC has revamped its anti-fraud unit, shifting focus to emerging technologies like crypto and cybersecurity to safeguard retail investors and streamline oversight.

Coinbase CEO Brian Armstrong says the SEC will likely drop its lawsuit against the firm, calling the potential outcome ‘hugely vindicating’.