

On July 1, 2025, the SEC issued non-binding guidance outlining disclosure expectations for crypto asset ETPs. It aims to enhance transparency for investors by detailing requirements for risk disclosures, NAV calculations, service provider roles, and compliance. This guidance seeks to standardize the registration process and mitigate concerns surrounding crypto markets.

U.S. Senator Cynthia Lummis has been appointed chair of the Senate Banking Subcommittee on Digital Assets, highlighting Congress’s commitment to digital finance. The subcommittee will pursue bipartisan legislation and regulate financial agencies while promoting U.S. leadership in blockchain and cryptocurrency, aiming for a balanced approach between innovation and consumer protection.

In a pivotal move that could reshape the future of digital assets, the U.S. Securities and Exchange Commission (SEC) recently announced the formation of a Crypto Task Force. This group will aim to shift the agency away from a regulation-by-enforcement approach and towards creating a more comprehensive regulatory framework for cryptocurrency—a move that many in…

Kelman Law looks into how the nomination of Atkins and the appointment of Sacks may change the regulatory landscape of crypto and digital assets.

In November, the SEC charged Eng Taing and Touzi Capital with a $115 million securities fraud, misleading investors about crypto mining and debt rehabilitation investments. Funds were misused for personal gains while false profitability claims were made. The SEC seeks penalties and a ban on Taing, reinforcing the need for compliance in crypto markets.

In early November, SEC Commissioner Hester Pierce delivered a fierce speech emblematic of her pro-crypto stance, offering a critique of her agency’s hostile treatment of digital assets and other innovative financial technologies in the United States. In an homage to Hobbes, Commissioner Peirce warned how a “regulatory environment that is characterized by instability, uncertainty, and…

In the SEC’s latest report detailing the Examination Priorities for 2025, the Commission has reinforced its gameplan to keep a close eye on the crypto industry. As the market for digital assets continues to grow in both size and complexity—particularly with the introduction of Bitcoin ETFs and similar ETH products—the SEC’s Division of Examinations is…

SEC Charges So-Called Market Maker and Two Employees in Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26158 In a sting operation emblematic of a John Grisham novel, the SEC charged ZM Quant Investment Ltd.—a British Virgin Islands entity—with manipulating markets and offering unregistered securities. Acting as a self-proclaimed market maker, ZM…

On Wednesday, April 10, the Securities Exchange Commission (SEC) issued a Wells Notice to Uniswap Labs (Uniswap), the creator of the world’s largest decentralized cryptocurrency exchange. Before digging into why the SEC issued a Wells Notice to the U.S.-based software company, it’s important to understand what a Wells Notice is. What is a Wells Notice?…

The Securities Exchange Commission (“SEC”) is under fire again, this time in Texas. On February 21, emerging Texas-based cryptocurrency exchange LEJILEX and the Crypto Freedom Alliance of Texas (“CFAT”), an industry advocacy group, filed a complaint against the SEC. In their complaint, LEJILEX and CFAT allege that the SEC’s assertion of regulatory authority over nearly…