Crypto@SEC
Staff across the Commission is addressing crypto related issues. Some of the work is featured below.
| Date | Speaker/Division | Statement | Summary |
|---|---|---|---|
| 11/24/25 | Division of Corporation Finance | No Action Letter- Fuse Crypto Limited (Incoming Letter) | Based on the facts presented, the Division will not recommend enforcement action to the Commission if, in reliance on your opinion as counsel, Fuse offers and sells the Tokens in the manner and under the circumstances described in your letter without registration under Section 5 of the Securities Act and does not register the Tokens as a class of equity securities under Section 12(g) of the Exchange Act. |
| 09/30/25 | Division of Investment Management | No Action Letter- Simpson Thacher & Bartlett LLP (Incoming Letter) | Based upon the incoming letter, under certain circumstances the Division of Investment Management would not recommend enforcement action to the Commission under the Custody Provisions against a Registered Adviser or Regulated Fund for treating a State Trust Company as a “bank” with respect to the placement and maintenance of Crypto Assets and Related Cash and/or Cash Equivalents. |
| 09/29/25 | Division of Corporation Finance | No Action Letter- DoubleZero (Incoming Letter) | Based on the facts presented, the Division will not recommend enforcement action to the Commission if, in reliance on your opinion as counsel, Programmatic Transfers that are conducted in the manner and under the circumstances described in your letter are not registered under Section 5 of the Securities Act and 2Z is not registered as a class of equity securities under Section 12(g) of the Exchange Act. |
| 09/05/25 | Chairman Paul S. Atkins, U.S. Securities and Exchange Commission, and Acting Chairman Caroline D. Pham, U.S. Commodity Futures Trading Commission | Joint Statement from the Chairman of the SEC and Acting Chairman of the CFTC | To the extent possible and appropriate in the public interest under existing statutes, the Securities and Exchange Commission and the Commodity Futures Trading Commission should consider harmonizing product and venue definitions; streamlining reporting and data standards; aligning capital and margin frameworks; and standing up coordinated innovation exemptions using each agency’s existing exemptive authority. |
| 09/04/25 | Paul S. Atkins, Chairman | Statement on the Spring 2025 Regulatory Agenda | The Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions covers potential rule proposals related to the offer and sale of crypto assets to help clarify the regulatory framework for crypto assets and provide greater certainty to the market. A key priority of my Chairmanship is clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law. |
| 09/02/25 | Staff of SEC and CFTC | SEC-CFTC Joint Staff Statement (Project Crypto-Crypto Sprint) | The SEC’s Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk are announcing a cross-agency initiative in furtherance of the SEC’s Project Crypto and the CFTC’s Crypto Sprint to coordinate efforts regarding the process for enabling the trading of certain spot crypto asset products. |
| 08/05/25 | Division of Corporation Finance | Statement on Certain Liquid Staking Activities | As part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the Division of Corporation Finance is providing its views on liquid staking, a specific type of Protocol Staking. |
| 07/01/25 | Division of Corporation Finance | Statement on Crypto Asset Exchange-Traded Products | As part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the Division of Corporation Finance is providing its views on the application of certain disclosure requirements under the federal securities laws to offerings and registrations of securities by issuers of crypto asset exchange-traded products. |
| 05/29/25 | Division of Corporation Finance | Statement on Certain Protocol Staking Activities | The SEC’s Division of Corporation Finance has clarified its view that certain proof-of-stake blockchain protocol “staking” activities are not securities transactions within the scope of the federal securities laws. |
| 05/15/25 | Division of Trading and Markets | Withdrawal of Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities | The SEC’s Division of Trading and Markets and FINRA’s Office of General Counsel have withdrawn the 2019 joint staff statement on broker-dealer custody of digital asset securities. |
| 05/15/25 | Division of Trading and Markets | Division of Trading and Markets: Frequently Asked Questions Relating to Crypto Asset Activities and Distributed Ledger Technology | The SEC's Division of Trading and Markets has prepared responses to frequently asked questions about crypto asset activities and distributed ledger technology. |
| 04/10/25 | Division of Corporation Finance | Staff Statement on Offerings and Registrations of Securities in the Crypto Asset Markets | The SEC's Division of Corporation Finance has provided its views about the application of certain disclosure requirements under the federal securities laws to offerings and registrations of securities in the crypto asset markets. |
| 04/04/25 | Division of Corporation Finance | Staff Statement on Stablecoins | The SEC's Division of Corporation Finance has provided its views on stablecoins that are designed to maintain a stable value relative to USD on a one-for-one basis, can be redeemed for USD on a one-for-one basis, and are backed by assets held in a reserve that are considered low-risk and readily liquid with a USD-value that meets or exceeds the redemption value of the stablecoins in circulation... |
| 03/20/25 | Division of Corporation Finance | Staff Statement on Certain Proof-of-Work Mining Activities | The SEC's Division of Corporation Finance has provided its views on the mining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network, and are used to participate in and/or earned for participating in such network’s consensus mechanism or otherwise used to maintain and/or earned for maintaining the technological operation and security of the network. |
| 02/27/25 | Division of Corporation Finance | Staff Statement on Meme Coins | The SEC’s Division of Corporation Finance has provided its views on certain meme coins, which typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation; they are akin to collectibles and typically have limited or no use or functionality. |
| 01/23/25 | Office of the Chief Accountant & Division of Corporation Finance | Staff Accounting Bulletin No. 122 | Staff Accounting Bulletin No. 122 rescinds Staff Accounting Bulletin No. 121, which had stated the staff view that companies that custody crypto assets should record a liability and corresponding asset on their balance sheets at fair value. |
Last Reviewed or Updated: Dec. 1, 2025