Should crypto exchanges be regulated by the SEC?

The U.S. Securities and Exchange Commission (SEC) has scrutinized many digital currencies as unregistered securities. Many crypto issuers are already subject to SEC enforcement. SEC Chair Gary Gensler has called on certain crypto exchanges to register with the agency as securities trading platforms.

When did the SEC approve bitcoin ETFs?

In early 2024, the SEC approved the first spot bitcoin ETFs, which were under pressure from a 2023 court ruling in their first months. It effectively approved ETH ETFs in late May 2024. What Is the SEC Rule on Crypto? If a cryptocurrency meets the criteria to be an investment contract, the SEC requires it to be registered as an investment.

Why did the SEC announce a settlement with crypto exchanges?

While announcing its settlements with crypto exchanges, the SEC has gone out of its way to emphasize its willingness to work with cooperative industry participants. The goal, Gensler has said, is to extend to crypto the investor protections that have ensured the success of U.S. securities markets.