Crypto@SEC
Jan. 31, 2025
Staff across the Commission are addressing crypto-related issues. Some of the work is featured in this table.
| Date | Speaker/Division | Statement | Summary |
| 5/29/26 | U.S. Securities and Exchange Commission | Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to List and Trade Shares of the iShares Bitcoin Premium Income ETF under NASDAQ Rule 5711(d) (Commodity-Based Trust Shares) | On September 30, 2025, The Nasdaq Stock Market LLC filed with the Securities and Exchange Commission, pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder, a proposed rule change to list and trade shares of the iShares Bitcoin Premium Income ETF under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares). This order approves the proposal on an accelerated basis. |
| 5/27/26 | U.S. Securities and Exchange Commission | Paxos Securities Settlement Company, LLC; Order Granting an Application for Temporary Registration as a Clearing Agency under Section 17A of the Securities Exchange Act of 1934 | On April 28, 2026, Paxos Securities Settlement Company, LLC (“PSSC”) requested that the Commission grant temporary registration pursuant to Rule 17Ab2-1(c). This order grants PSSC’s Application and request for temporary registration as a clearing agency with an exemption from Sections 17A(b)(3)(A) and 17A(b)(3)(F) of the Exchange Act for a period not to exceed 18 months. |
| 5/22/26 | U.S. Securities and Exchange Commission | Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to List and Trade Nasdaq Bitcoin Index Options | On September 23, 2025, Nasdaq PHLX LLC filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder, a proposed rule change to list and trade options on the Nasdaq Bitcoin Index. The Commission is publishing this notice and order to solicit comment, and to approve the proposed rule change on an accelerated basis. |
| 5/4/26 | Division of Trading and Markets | No-Action Letter Request Related to the Use of HQLAx’s Platform by U.S. Participants to Transfer Securities on a Private, Permissioned Distributed Ledger | Based on the facts and circumstances described in the request of HQLAx and Clearstream International, and without necessarily concurring with their conclusions and analysis, the Staff would not recommend enforcement action to the U.S. Securities and Exchange Commission against HQLAx or Clearstream International under Section 17A(b)(1) in relation to HQLAx and Clearstream International’s operation of their platform with U.S. participants pursuant to the statements in their letter. |
| 4/17/26 | U.S. Securities and Exchange Commission | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Exchange’s Rules to Enable the Trading of Securities on the Exchange in Tokenized Form | Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder, on April 9, 2026, New York Stock Exchange LLC filed with the Securities and Exchange Commission (the “Commission”) a proposed rule change, and the Commission has published this notice to solicit comments on the proposed rule change from interested persons. |
| 4/13/26 | Division of Trading and Markets | Staff Statement Regarding Broker-Dealer Registration of Certain User Interfaces Utilized to Prepare Transactions in Crypto Asset Securities | The Staff of the Division of Trading and Markets of the Securities and Exchange Commission is issuing this statement to provide its views on the broker-dealer registration requirements under Section 15(a) of the Securities Exchange Act of 1934 with respect to a person that creates, offers, and/or operates certain interfaces utilized by users to, among other things, prepare transactions in crypto asset securities. |
| 3/18/26 | U.S. Securities and Exchange Commission | Commission Order | On September 8, 2025, The Nasdaq Stock Market LLC (“Exchange”) filed with the Securities and Exchange Commission, pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934, and Rule 19b-4 thereunder, a proposed rule change to amend the Exchange’s rules to enable the trading of securities on the Exchange in tokenized form. The proposed rule change, as modified by amendment, was published for comment in the Federal Register, and this order approves the proposed rule change, as modified by amendment. |
| 3/17/26 | U.S. Securities and Exchange Commission | Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets | The Securities and Exchange Commission issues an interpretation regarding the application of the Federal securities laws to certain types of crypto assets and certain transactions involving crypto assets. The Commodity Futures Trading Commission provides guidance relating to that interpretation. |
| 2/23/26 | U.S. Securities and Exchange Commission | WisdomTree Digital Trust, et al. | WisdomTree Digital Trust, WisdomTree Securities Inc., WisdomTree Digital Management, Inc., and WisdomTree Transfers, Inc. collectively filed an application on May 8, 2025, and an amendment to the application on Jan. 16, 2026, requesting an order under Section 6(c) of the Investment Company Act of 1940 (the “Act”) for an exemption from Section 22(d) and Rule 22c-1 under the Act, and under Section 17(d) of the Act and Rule 17d-1 thereunder for an order that would permit certain joint transactions otherwise prohibited by Section 17(d) of the Act and Rule 17d-1 thereunder. It is ordered, under Section 6(c) of the Act, that the requested exemption from Section 22(d) of the Act and Rule 22c-1 under the Act is granted, effective immediately, subject to the conditions contained in the application, as amended. It is further ordered, under Section 17(d) of the Act and Rule 17d-1 under the Act, that the Rule 17d-1 relief requested is granted, effective immediately, subject to the conditions contained in the application, as amended. |
| 2/19/26 | Division of Trading and Markets | Frequently Asked Questions Relating to Crypto Asset Activities and Distributed Ledger Technology | The staff of the Division of Trading and Markets have prepared a response to a frequently asked question relating to the capital treatment of certain stablecoins by broker-dealers registered with the Commission. |
| 1/28/26 |
Division of Investment Management Division of Trading and Markets | Statement on Tokenized Securities | 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, Division of Investment Management, and Division of Trading and Markets are providing their views on the taxonomies associated with tokenized securities. |
| 1/15/26 | Division of Corporation Finance | No Action Letter- MegPrime Holding LLC (Incoming Letter) | Based on the facts presented, the Division of Corporation Finance will not recommend enforcement action to the Commission if, in reliance on the opinion of counsel, MegPrime offers and sells the MegPrime tokens in the manner and under the circumstances described in MegPrime counsel’s letter without registration under Section 5 of the Securities Act and does not register the MegPrime tokens as a class of equity securities under Section 12(g) of the Exchange Act. |
| 12/17/25 | Division of Trading and Markets | Frequently Asked Questions Relating to Crypto Asset Activities and Distributed Ledger Technology | The staff of the Division of Trading and Markets have prepared responses to frequently asked questions relating to crypto asset activities and distributed ledger technology. |
| 12/17/25 | Division of Trading and Markets | Statement on the Custody of Crypto Asset Securities by Broker-Dealers | The staff of the Division of Trading and Markets is issuing this statement to provide its views on the application of paragraph (b)(1) of Rule 15c3-3 to crypto assets that are securities. |
| 12/11/25 | Division of Trading and Markets | No Action Letter - DTC | Based on the facts and circumstance described in the request by The Depository Trust Company (“DTC”), and without necessarily concurring with DTC’s conclusions and analysis, the Staff would not recommend enforcement action to the Commission against DTC under: (i) Regulation Systems Compliance and Integrity; (ii) Section 19(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 19b-4 thereunder; and (iii) Exchange Act Rules 17Ad-22(e) and 17Ad-25(i) and (j) in relation to DTC’s operation of the Depository Trust and Clearing Corporation Tokenization Services. |
| 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 | 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: June 2, 2026