SEC’s Spring 2025 Agenda Puts Crypto Regulation Front and Center
Wall Street's watchdog finally gets serious about digital assets—or does it?
The Regulatory Roadmap
Clearer trading rules, custody standards, and token classification frameworks dominate the SEC's priorities. Market participants have waited years for this clarity—though some whisper it's just more bureaucratic box-checking.
Enforcement Shift
Expect targeted actions against unregistered exchanges and deceptive token offerings. The commission aims to protect investors while avoiding innovation-stifling overreach—a balancing act that's eluded them since 2017.
Industry Impact
Legitimate projects welcome the guidance; shady operators scramble for offshore havens. Traditional finance firms—always late to the party—now demand regulatory certainty before dipping toes in crypto waters.
Because nothing gets Wall Street excited like a fresh set of compliance hurdles to monetize.

The document also raised the possibility of rethinking the Consolidated Audit Trail (CAT), a system criticized for ballooning costs and the risks tied to storing large amounts of sensitive trading data. Recent legal challenges have intensified the debate over its future.
Atkins stressed that several legacy proposals from the prior administration are being withdrawn, signaling a pivot toward rules that are “smart, effective, and appropriately tailored” to the SEC’s statutory mandate.