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SEC Staff Statement Concludes Protocol Staking Is Not a Securities Transaction

On May 29, 2025, the SEC’s Division of Corporation Finance (Corp Fin) released a Statement on Certain Protocol Staking Activities clarifying that certain crypto asset staking activities on proof-of-stake (PoS) blockchain...more

New Digital Asset Regulatory Framework: Analysis of the Latest Discussion

In a significant development for the digital asset industry, Republican lawmakers from the U.S. House Committees on Financial Services and Agriculture have released a comprehensive discussion draft of proposed legislation...more

SEC Statement on Crypto Mining Signals Shift Away from Securities Enforcement

On March 20, the SEC released a Statement on Certain Proof-of-Work Mining Activities. In the statement, the Division of Corporation Finance (Corp Fin) provides its view that many proof-of-work mining activities are not...more

The Legal Landscape for DAOs: Key Lessons from Lido DAO and Ooki DAO

As is the case with much of the blockchain industry, decentralized autonomous organizations (DAOs) are unique. The existence of a DAO does not necessarily imply the existence of a legal entity or an intent to share profits....more

SEC’s New Crypto Assets and Cyber Unit Focuses on Bad Actors and ‘Judicious’ Enforcement

On February 20, the SEC announced the creation of the CETU, which will replace the Crypto Assets and Cyber Unit and be led by its former co-chief, Laura D’Allaird. In 2022, the SEC nearly doubled the size of the Crypto Assets...more

Meet CFTC Nominee Brian Quintenz

On February 12, President Donald Trump nominated Brian Quintenz to lead the Commodity Futures Trading Commission. This article profiles Quintenz as a nominee, surveys Pham’s initiatives as acting chair, and considers...more

SEC’s Crypto Task Force Sets Regulatory Priorities as Enforcement Focus Shifts

The head of the Securities and Exchange Commission’s new Crypto Task Force announced its 10 initial priorities on February 4. In her statement, titled “The Journey Begins,” SEC Commissioner and task force chair Hester Peirce...more

How the Current SEC Could Affect Ongoing Crypto Enforcement and ‘Impact Litigation’

As the crypto industry eagerly awaits regulatory clarity, some early glimpses of the new administration’s policy priorities may be found in resolutions of ongoing Securities and Exchange Commission cases against exchanges and...more

Crypto Week in Review - January 2025

The Trump administration’s first week back in office was marked by a flurry of crypto-related activity among regulators, lawmakers, and the market itself....more

New SEC Crypto Task Force Led by Commissioner Hester Peirce: Key Takeaways and Path Forward

On Tuesday, acting SEC Chair Mark Uyeda announced the creation of a Crypto Task Force to devise a “sensible regulatory path” for the $3 trillion cryptocurrency market. This represents a departure from the former chair, Gary...more

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