Tag Archives: U.S. Securities and Exchange Commission

This tag is used to compile information on regulatory policies, enforcement developments, licensing requirements, and compliance practices related to the U.S. Securities and Exchange Commission (SEC).

A schematic diagram of the abstract three-stage process of securities disclosure, shareholder voting, and conditional listing.
Evernorth and Armada announce S-4 is now in effect: The vote is scheduled for September 30th, but the Nasdaq listing is not yet complete.

Evernorth and Armada announced that the SEC has made their S-4 documents effective and final proxy statements have been filed; however, the Nasdaq listing following the September 30th shareholder vote, closing, and merger is still not complete. This article breaks down the four different stages to avoid misrepresenting regulatory milestones as transaction outcomes.

28
June
Coinbase in the US launches tokenized stocks: the B20 standard, Chainlink oracles, and 24/7 on-chain trading.
Coinbase in the US launches tokenized stocks: the B20 standard, Chainlink oracles, and 24/7 on-chain trading.

Coinbase launched tokenized shares on Base in August 2026, using the B20 standard. The underlying US shares are held in 1:1 custody by Alpaca under a bankruptcy-remote structure. The product is only available to qualified non-US users and supports 24/7 operation.

25
June
Suspected Data Breach at US-based BitcoinIRA and iTrustCapital: Analysis of Customer Information Protection and Compliance Obligations for Crypto IRA Platforms
Suspected Data Breach at US-based BitcoinIRA and iTrustCapital: Analysis of Customer Information Protection and Compliance Obligations for Crypto IRA Platforms

On August 24, 2026, blockchain detective ZachXBT disclosed that the US-based crypto IRA platforms BitcoinIRA and iTrustCapital were suspected of experiencing a data breach this year, which neither party publicly disclosed. The leaked data included user information, holdings, and bank and custody information. If true, both platforms will trigger [further action/actions].

25
June
US Crypto Compliance: Strategy's Bitcoin Treasury Returns to Profitability, Institutional Crypto Holding Paths Under Regulatory Clarity
US Crypto Compliance: Strategy's Bitcoin Treasury Returns to Profitability, Institutional Crypto Holding Paths Under Regulatory Clarity

Strategy (Nasdaq: MSTR) holds 840,447 BTC, and as Bitcoin climbed above its cost basis of approximately $75,385, its holdings returned to unprofitable territory after several months. This rebound was catalyzed by regulatory benefits such as increased US Treasury bond buybacks, the White House Crypto Roundtable, and progress on the Clarity Act; the CFTC chairman stated that if the bill is blocked, they will use existing authority to build a market structure framework.

25
June
The US SEC's "Reg Crypto" regulatory rule has been implemented, establishing a compliance framework for crypto issuance and brokerage licenses.
The US SEC's "Reg Crypto" regulatory rule has been implemented, establishing a compliance framework for crypto issuance and brokerage licenses.

U.S. SEC Chairman Atkins stated that the "Reg Crypto" proposal has been submitted to the White House's Office of Information and Research (OIRA) for review and approval. This proposal focuses on the Securities Act of 1933, clarifying exemptions for crypto issuance and fundraising. The SEC has included three crypto rules in its 2026 regulatory agenda and is working with the CFTC.

25
June
Ondo abandons self-built blockchain and returns to Ethereum settlement: RWA exchange platform implements off-chain execution, on-chain settlement, and FINRA compliance path.
Ondo abandons self-built blockchain and returns to Ethereum settlement: RWA exchange platform implements off-chain execution, on-chain settlement, and FINRA compliance path.

Ondo Finance launched Ondo Network on July 27, 2026, abandoning its original Layer 1 public chain, Ondo Chain, and moving execution to an off-chain trusted execution environment while settlement remains on Ethereum. Its SEC-registered broker, Oasis Pro, is authorized by FINRA to support the US tokenized securities compliance path, but Ondo Perps is not currently open to US investors.

24
June
A Hybrid Investment Tool for US Real Estate and Bitcoin: A Securities and Custody Compliance Analysis of Cardone Capital's 350 BTC Allocation
A Hybrid Investment Tool for US Real Estate and Bitcoin: A Securities and Custody Compliance Analysis of Cardone Capital's 350 BTC Allocation

Cardone Capital, a subsidiary of US real estate investor Grant Cardone, announced the allocation of 350 BTC (approximately $2,230 million) to a real estate project in Fort Lauderdale, Florida, creating a hybrid fund that combines real estate and digital assets. This article analyzes the compliance requirements and disclosure risks of this type of hybrid investment vehicle from the perspectives of US securities law, investment advisor registration, and crypto asset custody licenses.

23
June
The U.S. SEC and CFTC jointly clarified the five categories of crypto assets: licensing and registration obligations for tokenized securities.
The U.S. SEC and CFTC jointly clarified the five categories of crypto assets: licensing and registration obligations for tokenized securities.

On March 17, 2026, the U.S. Securities and Exchange Commission (SEC) and the Cross-Border Commodities and Trade Commission (CFTC) jointly issued an interpretation classifying crypto assets into five categories: digital goods, digital collectibles, digital instruments, stablecoins, and digital securities. Only digital securities themselves constitute securities. This article outlines the definition and structural classification of tokenized securities in this interpretation, as well as the actual compliance requirements of the issuance registration, brokerage, ATS, transfer agent, and custodian licensing chain. It also highlights unresolved variables at the level of the Clarity Act legislation and state commercial law.

23
June
US | Crypto Market Regulatory Framework Accelerates: SEC Pushes for Regulation of Crypto Assets, Trump Pushes for Hyperliquid's Compliance in the US
US | Crypto Market Regulatory Framework Accelerates: SEC Pushes for Regulation of Crypto Assets, Trump Pushes for Hyperliquid's Compliance in the US

US crypto regulation accelerated its shift towards rulemaking and onshore regulation in August 2026: the SEC proposed issuance exemptions and safe harbors for Regulation Crypto Assets, the CFTC promoted market structure rules, Trump pushed for Hyperliquid's compliance and entry into the US, and Kraken leveraged MiFID.

22
June
The U.S. SEC released a framework for exemptions from fundraising for Regulation Crypto Assets, while the CFTC prepared a contingency plan for voluntary legislation should the Clarity deal fail.
The U.S. SEC released a framework for exemptions from fundraising for Regulation Crypto Assets, while the CFTC prepared a contingency plan for voluntary legislation should the Clarity deal fail.

On August 18, 2026, the U.S. Securities and Exchange Commission (SEC) released a proposal for Regulation Crypto Assets, creating a $5 million startup exemption for crypto asset investment contracts.

22
June
US Poll: Majority of Public Opinion Believes Trump Family's Crypto Asset Profits Exceed Compliance Standards
US Poll: Majority of Public Opinion Believes Trump Family's Crypto Asset Profits Exceed Compliance Standards

A Reuters/Ipsos poll shows that 63% of U.S. respondents believe the Trump family's profits from cryptocurrencies are inappropriate, and 69% believe their business interests influence policy decisions. This article analyzes the poll data, the background of the $14 billion in profits, and its cross-influence with the ethical provisions of the Clarity Act.

21
June
The U.S. Clarity Act, a digital asset market structure bill, has been criticized as anti-crypto legislation.
The U.S. Clarity Act, a digital asset market structure bill, has been criticized as anti-crypto legislation.

On August 21, 2026, CoinDesk published an opinion piece arguing that the U.S. Clarity Act, a digital asset market structure bill, is essentially anti-crypto legislation. This article outlines the core arguments, the background of the bill, and the current state of the Senate legislation, providing licensed institutions with insights into the uncertainties surrounding market access in the United States.

21
June
The U.S. Securities and Exchange Commission (SEC) has approved Franklin Templeton's registration policy allowing its funds to hold Benji's tokenized money market fund for cash management and as collateral.
The U.S. Securities and Exchange Commission (SEC) has approved Franklin Templeton's registration policy allowing its funds to hold Benji's tokenized money market fund for cash management and as collateral.

The U.S. SEC’s Investment Management Division issued a no-action letter allowing Franklin Templeton’s registered mutual funds and ETFs to hold shares in its on-chain money fund BENJI, exempting them from three physical custody provisions of the Investment Company Act of 1940. This marks the first time that tokenized assets have entered the cash management and collateral processes of traditional funds.

21
June
Anchored says it plans to deploy tokenized shares on Arbitrum via UniswapX: target date subject to preconditions.
Anchored says it plans to deploy tokenized shares on Arbitrum via UniswapX: target date subject to preconditions.

On August 20, 2026, Anchored announced in a company press release its plan to deploy its tokenized shares on Arbitrum, with UniswapX as the initial on-chain access path. The team initially set August 21 as the target date, but explicitly stated that it was subject to technical readiness, liquidity arrangements, partner review, and applicable compliance approvals. This announcement does not prove that the deployment was complete, nor does it support the assertion that Alpaca, the initial 10 tokens, or 300% growth are established facts.

20
June
US | SoFi and Figure founder Mike Cagney launches self-custodied wallet The Wallet Co: integrating yield cash, RWA, and on-chain securities
Self-custodied wallet product information verification: Proposed features are not equivalent to existing licenses.

Media coverage of the new wallet product can indicate the proposed direction; whether it triggers securities, brokerage, trading venue or commodity regulatory obligations still depends on the actual functionality and applicable rules.

20
June
Epic Short Squeeze in Global Crypto Markets: $27 Billion in Short Liquidation and Compliance Analysis of Regulatory Benefits
Verification of Crypto Market Volatility Information: Liquidation figures and regulatory information cannot directly lead to causal conclusions.

Market reports and data platforms can indicate volatility, but the scale of liquidation, policy status, and causal relationship with prices must be verified separately using attributable raw data and official documents.

20
June
The US SEC's proposed "Crypto Asset Regulatory Rules" include: two tiers of funding exemptions, a safe harbor graduation mechanism, and transitional regulatory logic.
The US SEC's proposed "Crypto Asset Regulatory Rules" include: two tiers of funding exemptions, a safe harbor graduation mechanism, and transitional regulatory logic.

On August 18, 2026, the U.S. Securities and Exchange Commission (SEC) released a proposed rule, "Regulation Crypto Assets," creating a dedicated financing framework for crypto asset investment contracts. This framework includes two tiers of registration exemptions: an initial tier (up to $5 million over four years) and a financing tier (up to $75 million over 12 months, divided into two levels). It also introduces a conditional safe harbor, allowing tokens to exit securities regulation after completing key governance efforts. The rule preempts state-level blue sky laws and sets a limit of 60...

20
June
Robinhood CEO calls for the US to clear obstacles for tokenized stocks: SEC twice postpones innovation exemptions, four types of licensing obligations become bottlenecks.
Tokenized Securities in the US and Robinhood Stock Tokens: Product Terms Do Not Equate to US Licensing or Exemption

SEC disclosures of tokenized securities and Robinhood EU product disclosures can help define product structures; they do not individually constitute a conclusion of U.S. innovation exemption, U.S. marketability, or broker-dealer licensing.

19
June
Key vote on the US Clarity Act on September 15: Controversy over Section 404 stablecoin rewards and the jurisdictional boundary between SEC and CFTC licenses.
Key vote on the US Clarity Act on September 15: Controversy over Section 404 stablecoin rewards and the jurisdictional boundary between SEC and CFTC licenses.

White House chief crypto advisor Patrick Witt expressed his support for the Clarity Act at the SALT meeting on August 18, 2026, and the Senate closed its debate on the matter on September 9.

19
June
The US SEC's Conditional Safe Harbor: Compliance Pathways and State-Level Exemptions for Crypto Assets to Be Removed from Investment Contracts
The US SEC's Conditional Safe Harbor: Compliance Pathways and State-Level Exemptions for Crypto Assets to Be Removed from Investment Contracts

The SEC proposes a conditional safe harbor for Crypto Assets Regulation, allowing crypto assets to be decoupled from their underlying investment contracts under certain conditions, and exempting them from state-level blue sky law registration requirements for issuing securities and certain secondary market transactions under the new regulations. This article analyzes the operational logic of the decoupling mechanism, its connection with the SEC-CFTC joint interpretation in March 2026, and the uncertainties surrounding the 60-day consultation period.

19
June

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