SEC
SEC Staff Adds 'No Central Party' Limit to Token Buyback FAQ
The Sept. 25 answer referred only to a system’s functionality. The revised wording makes the absence of centralized control an explicit condition.
SEC Staff Clarifies Token Buybacks and Liquid Staking in New FAQs
Qualifying staking receipts fall into non-security categories, while the FAQs reaffirm an earlier position on maintenance and development funding.
SEC’s Peirce Urges Zero-Knowledge Proofs to Reduce KYC Data Collection
Peirce also wants institutions to reuse identity checks rather than repeatedly store customer details. Her privacy proposals do not change existing compliance rules.
CFTC Files Crypto Market Rulemaking With White House at Prerule Stage
The Office of Information and Regulatory Affairs received RIN 3038-AF80, "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," from the CFTC on Sept. 17, two days after the Senate blocked the CLARITY Act. OIRA lists the filing at the prerule stage, not as a proposed rule. Executive Order 12866 gives OIRA 10 working days to review preliminary actions, against 90 days for proposed and final rules. It is the only CFTC action pending White House review, and Michael Selig is the agency's only sitting commissioner.
SEC Clears Tokenized Stocks To Trade Onchain As CFTC Widens Software Relief
The Securities and Exchange Commission issued a five-year conditional exemption on Thursday letting tokenized National Market System (NMS) stock trade on permissioned automated market makers (AMMs), and Commodity Futures Trading Commission staff opened introducing-broker relief to passive software providers across the industry the same morning. Both actions came two days after the Senate blocked the CLARITY Act and a day after the two chairmen said they would write crypto rules without it. Uniswap's token rose 19.8% over 24 hours.
SEC and CFTC Chairmen Say They Will Write Crypto Rules Without CLARITY Act
Michael Selig said the CFTC is "locked in and ready to ship its rules for the new frontier of finance." Paul Atkins said the SEC will "act decisively within the SEC's statutory authority." Both posted the statements to X on Wednesday, within two hours of each other, the day after the Senate blocked the market structure bill. The SEC has a crypto offering rule out for comment until Oct. 20. The CFTC has not proposed one.
Crypto Industry Points to SEC and CFTC After CLARITY Setback
Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act of Congress. Mark Warner, one of the seven Democrats who negotiated the bill, said the president's ability to profit from crypto was what made it impossible for him to vote yes.
SEC Gives DeFi Front-Ends a Narrow Path Around Broker-Dealer Rules
New staff guidance from the SEC's Division of Trading and Markets details conditions under which certain self-custody crypto UI can avoid broker-dealer registration.
SEC's Crypto Guidance Ends Years of Regulatory Ambiguity But Key Questions Remain
Lawyers say the joint SEC-CFTC framework is the most significant crypto regulatory development in years. But who decides when a token sheds its investment contract status, and what happens to DeFi, are still unanswered.
CFTC Says It's 'Modernizing' Rules to Make a Place for DeFi in the US
The Chairs of the U.S. CFTC and SEC said they're working together to keep on-chain finance, prediction markets, and perpetuals futures in the country.
