SEC Includes Crypto on Its List of 2025 Exam Priorities
- The SEC has added crypto to its 2025 priority list.
- The regulator will continue to monitor the industry and conduct examinations.
- These examinations will focus on specific areas.
The U.S. Securities and Exchange Commission (SEC) has reportedly added crypto assets to its list of exam priorities in 2025, signaling its push for more oversight and regulation of digital assets despite criticism by industry leaders and politicians.
The development came barely two weeks after the regulator served Crypto.com with a Wells Notice, which the exchange countered with a lawsuit to “protect” the digital asset industry in the U.S. Crypto.com accused the SEC of establishing an “unlawful” rule that classified nearly all crypto trades besides Bitcoin and Ether as securities transactions.
The SEC Crypto Plan in 2025
According to a document shared by FOX Business journalist Eleanor Terrett on October 22, the SEC plans to continue monitoring the crypto industry in 2025 and conducting examinations of registrants offering digital asset-related services when it deems them “appropriate.”
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The SEC said the examinations would assess whether the registrants met and followed their respective codes of conduct when recommending or advising consumers on crypto assets, especially in cases where users are retail-based and investments comprise retirement assets.
Additionally, the SEC plans to examine if crypto service providers review, update, and enhance their compliant practices for custody, valuation procedures, and the Bank Secrecy Act (BSA). If needed, examinations at this stage will also extend to operational resiliency practices, such as data integrity and business continuity plans.
Stay updated on Ripple’s prolonged legal battle with the SEC:
Ripple vs SEC: What Is Form C, and What Does It Mean for XRP?
Read about Komainu’s first acquisition:
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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