A stable flow of SEC action amid volatility

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The SEC overhaul was one of the crypto industry’s major expectations for changing management and ultimately achieving it.

Trump Zelensky’s encounter fallout, president’s crypto reserve announcement and tariffs have recently led headlines, but U.S. securities regulators continue to share news that will change the industry.

Latest development? The SEC closed its investigation into Yugalab, known in a tweet Tuesday as “The NFTS’ big victory.” “NFTs are not securities,” he added succinctly.

Map many other SEC actions since Trump’s election victory on November 6th.

set up

November 21st: SEC Chairman Gary Gensler says he will leave the agency on January 20th.
December 4th: Trump will nominate Paul Atkins to lead the SEC. He has not yet been confirmed as chairman, but that has not blocked the committee as he thinks it may be.
January 20th: The Gensler certainly descends as a chair.
January 21st: The name of Trump, Mark Ueda Asi Chair.
January 21st: The SEC reveals a new Crypto Task Force (led by Hesterpearth) dedicated to developing a comprehensive and clear regulatory framework for Crypto Assets.

Guidance, litigation firing, probe end, ahhh.

January 23rd: The SEC releases SAB 122 and withdraws SAB 121. Industry watchers say the move could pave the way for banks and brokers to detain Spot Crypto.
February 4th: Peirce has set the priority of the SEC’s crypto-center, and points out that “solving all these strands” takes time.
February 13th: A federal judge suspends the SEC civil lawsuit against Binance for 60 days.
February 20th: Coinbase CEO Brian Armstrong reveals the SEC’s decision to stop litigation on Crypto Exchange.

February 21st: The SEC is closing its investigation into Opensea, an NFT platform shared by CEO Devin Finzer.
February 21st: Robinhood has also received comments from the SEC that the agency has shut down investigations into the company. There are no enforcement measures intended.
February 21st: Another Perth statement encourages public input to achieve clarity in cryptographic regulations on many questions. For example, some people may think about their security status.

February 24th: The SEC concludes its probe to Gemini. Also, there are no planned actions.
February 24th: Another closure investigation with similar results. This time, there’s one in Uniswap Labs.
February 27th: Consensys and the SEC agree to dismiss the securities enforcement case relating to MetaMask.
February 27th: The SEC’s decision to dismiss Coinbase’s litigation is to “update its regulatory approach to the crypto industry” rather than “assessing the merits of claims alleged in action.”
February 27th: SEC Commissioner Caroline Crenshaw said the SEC’s Coinbase layoff “ignoring 80 established laws.” She adds: “Whatever the law is tomorrow, market participants should be unable to avoid the law as they do today.”
February 27th: On busy days, the SEC also deals with memokine. “Trades of the memokine type described in this statement do not include the offer and sale of securities under the federal securities law.”

Then there were a few things before the aforementioned Yuga Labs news this week. The SEC agreed “in principle” and “biased” to stop the lawsuit against Kraken.