SEC includes cryptocurrencies in enforcement priorities for 2025

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SEC includes cryptocurrencies in enforcement priorities for 2025
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The United States Securities and Exchange Commission (SEC) has officially added cryptocurrencies to its list of priorities for 2025. The move reinforces the regulator’s intention to increase supervision and regulation of digital assets, despite criticism from industry leaders and politicians.

This decision comes just over two weeks after the SEC issued a “Wells Notice” to cryptocurrency exchange Crypto.com. In response, the platform sued the SEC, accusing the regulator of establishing an “illegal” rule that would classify virtually all cryptocurrency transactions, except Bitcoin and Ether, as securities transactions.

According to a document released by journalist Eleanor Terrett, from FOX Business, on October 22, the SEC intends to continue monitoring the cryptoactive industry in 2025. In this sense, the agency will seek to carry out analyzes of registered companies that offer services related to cryptocurrencies, whenever deemed necessary.

Furthermore, the document indicates that the exams will focus on offering, selling, recommending, advising, trading and other activities involving cryptoassets that are offered and sold as securities or related products, such as Bitcoin or Ether index funds (ETFs). .

SEC Plan for 2025 Involves Cryptocurrencies

The SEC also stated that these examinations aim to verify that registered companies are complying with and following their respective codes of conduct when recommending or advising consumers about cryptoassets, with particular attention to cases where users are retail and their investments involve retirement assets. .

Additionally, the regulator will examine whether crypto service providers are reviewing, updating and improving their compliance practices for custody, assessment procedures and compliance with the Bank Secrecy Act (BSA). If necessary, these inspections can also cover operational resilience practices such as data integrity and business continuity plans.

The addition of cryptocurrencies to the SEC’s enforcement priorities reflects the agency’s effort to establish stricter regulation for the sector, amid a scenario of growing adoption and interest in digital assets.

However, recent actions by the SEC, such as the notice to Crypto.com, have provoked reactions in the industry. The community accuses the agency of promoting excessive regulation, which could eventually stifle innovation in the cryptocurrency sector.

The response from Crypto.com, which sued the SEC, is a sign of the tensions surrounding the agency’s regulatory approach to the cryptocurrency market in the United States. The exchange argues that the classification of most transactions with crypto assets as securities is undue and harmful to the development of the industry in the country.

As 2025 approaches, the expectation is that the discussion about the regulation of digital assets in the United States will continue to evolve, with companies in the sector seeking greater clarity about the rules that govern the market.

SEC includes cryptocurrencies in enforcement priorities for 2025

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SEC includes cryptocurrencies in enforcement priorities for 2025

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