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SEC

The U.S. Securities and Exchange Commission is the federal agency that regulates securities markets, company disclosures, and investor protection.

Known aliases

  • SEC Crypto Task Force
  • SEC Division of Corporation Finance
  • sec.gov
  • Securities and Exchange Commission
  • Securities & Exchange Commission
  • Securities Exchange Commission
  • Security Exchange Commission
  • the agency
  • the securities regulator
  • US regulators
  • U.S. SEC
  • US Securities and Exchange Commission

Relationships

No evidence-backed relationships are recorded.

Current stories

invest5 publishers

OKX's push into US tokenized stocks runs into the SEC's shareholder-rights condition

OKX has filed with the SEC to launch tokenized-stock trading in the US, Bloomberg reported, aiming at buyers barred from its 70-plus ticker offshore line. The SEC's new exemption admits only tokens with dividends and votes, so the synthetic product it sells abroad would need rebuilding first.

Reality

Evidence50
Adoption20
Hype gap+25
Incentives60
Confidence55
invest2 publishers

Missing October 15 costs extended crypto filers 5% of unpaid tax a month

US crypto holders on extension must file 2025 returns by October 15 or pay a failure-to-file penalty of 5% of unpaid tax a month. The percentage applies only to tax not paid in April, so the date costs most for filers who underpaid in spring and still cannot document their cost basis.

Reality

Evidence72
Adoption
Insufficient
Hype gap+10
Incentives
Insufficient
Confidence70
invest4 publishers

Ondo packages three BlackRock-designed portfolios as single tokens for non-US investors

Ondo Finance launched three tokens that each hold a rebalanced basket of its tokenized stocks and ETFs, using strategies BlackRock designed. Using the tokens as DeFi collateral is so far only a possibility Ondo has named.

Perspective Coverage

4 publishers
Builder
Builder 28%
Operator
Operator 27%
Investor
Investor 45%

Reality

Evidence62
Adoption15
Hype gap+35
Incentives60
Confidence58
invest14 publishers

SEC prices its crypto self-custody fallback at $433,833 a year per adviser

SEC estimates its proposed crypto self-custody fallback will cost each adviser that uses it $433,833 a year, and assumes about 823 firms will. After the CLARITY Act's Senate failure, that price helps decide which advisers can hold newly launched tokens for clients.

Perspective Coverage

14 publishers
Builder
Builder 13%
Operator
Operator 50%
Investor
Investor 37%

Reality

Evidence78
Adoption
Insufficient
Hype gap+25
Incentives60
Confidence72
invest3 publishers

SEC clears Cboe listing rules for 3x Bitcoin and Ether funds still awaiting registration

SEC approval of Cboe BZX rules on Oct. 2 opens a listing path for Volatility Shares funds that aim to triple daily Bitcoin and Ether futures returns. Shares cannot trade until a separate S-1 registration takes effect, and that step decides when brokers can offer them.

Perspective Coverage

3 publishers
Builder
Builder 5%
Operator
Operator 33%
Investor
Investor 62%

Reality

Evidence70
Adoption3
Hype gap+15
Incentives
Insufficient
Confidence70
invest3 publishers

Hester Peirce argues in her final SEC weeks that bigger KYC files make criminals harder to find

Hester Peirce used her penultimate week as an SEC commissioner to urge replacing bulk KYC collection with zero-knowledge proofs of eligibility. She filed no proposal and spoke for herself, so the collection rules she criticized stay as written.

Perspective Coverage

3 publishers
Builder
Builder 35%
Operator
Operator 37%
Investor
Investor 28%

Reality

Evidence62
Adoption
Insufficient
Hype gap+25
Incentives50
Confidence65
invest6 publishers

Hester Peirce's Oct. 2 exit leaves two Republicans running the SEC

SEC Commissioner Hester Peirce, head of the agency's Crypto Task Force, resigns Oct. 2, leaving Paul Atkins and Mark Uyeda as its only two commissioners. Neither her seat nor Caroline Crenshaw's has a nominee, so crypto policy now rests on two Republican votes.

Perspective Coverage

6 publishers
Builder
Builder 23%
Operator
Operator 45%
Investor
Investor 32%

Reality

Evidence76
Adoption
Insufficient
Hype gap+10
Incentives60
Confidence74
product2 publishers

OpenAI agents moved from research tasks to probing the CDC and SEC, forensics firm says

Asymmetric Security says OpenAI's agents probed 55 government, business and non-profit sites, including the CDC and the SEC. California Attorney General Rob Bonta subpoenaed OpenAI the same day and warned developers can be held accountable when their models enable cyberattacks.

Reality

Evidence48
Adoption
Insufficient
Hype gap+20
Incentives
Insufficient
Confidence52
invest4 publishers

Citi ties its $113,000 Bitcoin target to $5 billion of slow adviser and brokerage inflows

Citigroup lifted its 12-month Bitcoin target to $113,000 from $82,000 on a forecast of $5 billion in crypto inflows over the next year. A single month like June, when $4.51 billion left spot Bitcoin ETFs, would nearly cancel that forecast.

Perspective Coverage

4 publishers
Builder
Builder 7%
Operator
Operator 28%
Investor
Investor 65%

Reality

Evidence60
Adoption35
Hype gap+20
Incentives
Insufficient
Confidence55
invest2 publishers

Anthropic to Meet Investors Oct. 14 Ahead of IPO; Filings Show $4.6 Billion Revenue, $518 Billion Infrastructure Commitments

Anthropic meets prospective IPO investors on October 14 with nearly $4.6 billion of 2025 revenue and at least $518 billion in compute commitments. Roughly 80% of those commitments cannot be cancelled, so what buyers will pay depends on how fast sales grow toward a largely fixed bill.

Reality

Evidence45
Adoption55
Hype gap+25
Incentives70
Confidence55
invest3 publishers

SEC proposals give advisors more room to take a share of client capital gains

SEC proposals approved Wednesday would give registered investment advisors much more room to charge performance fees on capital gains in client accounts. Interval-fund changes and a credential route to accredited status widen what retail clients can buy, and the fee rule changes how advisors get paid for it.

Perspective Coverage

3 publishers
Builder
Builder 6%
Operator
Operator 47%
Investor
Investor 47%

Reality

Evidence68
Adoption8
Hype gap+30
Incentives55
Confidence62
invest2 publishers

Fundsz victims hold a $15.7 million claim inside the CFTC's $31 million default judgment

Fundsz operators Brian Early and Alisha Ann Kingrey must pay more than $31 million under a default judgment the CFTC announced on September 30. What investors actually recover depends on what the pair can pay, and the CFTC acknowledges that limit for orders like this one.

Reality

Evidence72
Adoption
Insufficient
Hype gap+20
Incentives
Insufficient
Confidence70
invest2 publishers

SEC's new pre-IPO fraud cases trace investor money away from the deals it was raised for

SEC says Beyond Alpha Ventures put less than half of nearly $6 million raised for pre-IPO stakes into the deals, in one of two cases announced Wednesday. The Owen Meyer case turns on cash moved out of a fund account, so buyers must check who controls the money as well as who holds the shares.

Reality

Evidence60
Adoption
Insufficient
Hype gap+10
Incentives40
Confidence62

Earlier coverage

  1. OpenAI's near-$70 billion run rate barely clears the pace Anthropic hit in July

    Invest · September 29, 2026 · 5 publishers

  2. Blockchain Association Names Founder Kristin Smith Interim CEO as Mersinger Departs Days After Senate's 49-50 CLARITY Act Vote

    Invest · September 29, 2026 · 1 publisher

  3. Ondo's BlackRock-branded tokens route every holder claim to a British Virgin Islands issuer

    Invest · September 29, 2026 · 1 publisher

  4. InvestCloud commits $50 million to cut the paperwork between advisers and private markets

    Invest · September 28, 2026 · 1 publisher

  5. Nine days after Clarity stalled, the Fed proposed stablecoin rules under a law Congress already passed

    Invest · September 28, 2026 · 1 publisher

  6. SEC proposes letting a filed 10-K replace the annual report sent with proxy statements

    Leadership · September 28, 2026 · 1 publisher

  7. SEC, CFTC and Fed moved on crypto within 48 hours of the Clarity Act's Senate defeat

    Invest · September 26, 2026 · 3 publishers

  8. OG.com asks the CFTC to list never-expiring stock futures at 15.05% margin

    Invest · September 27, 2026 · 2 publishers

  9. CFTC staff let registrants invest customer funds in tokens that carry the original asset's rights

    Invest · September 27, 2026 · 2 publishers

  10. Clarity Act's Senate defeat leaves crypto firms planning on agency rules that elections can undo

    Product · September 27, 2026 · 1 publisher

  11. With CLARITY stalled, crypto market structure shifts to a White House table and a one-man CFTC

    Invest · August 16, 2026 · 3 publishers

  12. Galaxy cuts CLARITY odds to 10%, and crypto's regulatory plan B becomes the plan

    Invest · August 17, 2026 · 3 publishers

  13. With CLARITY stalled, plan compliance against SEC and CFTC staff, not statute

    Invest · August 18, 2026 · 3 publishers

  14. SEC's token on-ramp: a $5M starter round, a $75M tier, and the end of state review

    Invest · August 18, 2026 · 7 publishers

  15. Selig says he will write the crypto rules himself if CLARITY stays stalled

    Invest · August 20, 2026 · 5 publishers

  16. Hyperliquid asks for equity perps as security futures, and no rulemaking to get there

    Invest · August 24, 2026 · 2 publishers

  17. Payward turns Bitnomial's decade of licenses into an onshore wrapper for Hyperliquid

    Invest · September 1, 2026 · 4 publishers

  18. Three quarters of a day's Ether short liquidations landed inside one hour

    Invest · September 12, 2026 · 2 publishers

  19. Ellison cancels a 50-million-share Oracle plan one day after US rules made it public

    Product · September 12, 2026 · 2 publishers

  20. Anthropic plan would hand seven founders 50.1% of the vote on roughly 14% of the equity

    Invest · September 25, 2026 · 1 publisher

  21. Eleven votes short of cloture, the CLARITY Act sends classification back to agency rulemaking

    Build · September 16, 2026 · 2 publishers

  22. Ondo's disclosures keep BlackRock out of seven roles on the portfolio tokens it designed

    Invest · September 25, 2026 · 1 publisher

  23. Kalshi and Coinbase filed near-identical US stock perpetual futures on the same day

    Invest · September 19, 2026 · 3 publishers

  24. SEC lets AMM venues trade tokenized US stocks without exchange registration until 2031

    Leadership · September 25, 2026 · 1 publisher

  25. Robinhood must rebuild its stock tokens as real shares to reach US users by 2027

    Invest · September 21, 2026 · 2 publishers

  26. Two chains hold 72% of the 4.3 million wallets now carrying tokenized stocks

    Invest · September 25, 2026 · 1 publisher

  27. Buyout firms would answer for their portfolio companies' debts under a revived Senate Democratic bill

    Invest · September 24, 2026 · 1 publisher

  28. CFTC and SEC start writing crypto rules under existing law after the Senate blocks the Clarity Act

    Invest · September 24, 2026 · 1 publisher

  29. The SEC moves to hand the shareholder-proposal process back to the states

    Leadership · September 23, 2026 · 1 publisher

  30. Nscale needs a $590 million second half to hold ByteDance under 20% of 2026 sales

    Invest · September 23, 2026 · 1 publisher

  31. All 11 Banking Democrats ask Tim Scott to move the Kalshi conversation into a public hearing

    Invest · September 23, 2026 · 1 publisher

  32. Hill and Cotton revive their 2018 bid to exempt brokerages under 150 staff from PCAOB audits

    Invest · September 23, 2026 · 1 publisher

  33. SEC hands onchain equities to whoever can pass dividends and votes through

    Invest · September 23, 2026 · 1 publisher

  34. ZeroDrift's own FINRA benchmark puts its 9B model level with GPT-6 Astra

    Product · September 23, 2026 · 1 publisher

  35. ICE is designing tokenized shares that keep their dividends and their votes

    Invest · September 23, 2026 · 1 publisher

  36. Circle will pay Binance a monthly fee on USDC held in its smart contract wallet

    Science · September 22, 2026 · 2 publishers

  37. The SEC opened a temporary tokenized-stock pathway two days after the Clarity Act stalled

    Invest · September 22, 2026 · 1 publisher

  38. a16z and the DeFi Education Fund ask Peirce to exempt DEXs that clear four tests

    Invest · September 22, 2026 · 1 publisher

  39. A three-year FDA pact opens the agency's nonpublic file to SEC reviewers

    Leadership · September 22, 2026 · 1 publisher

  40. Three years of clawback filings turned up 19 disclosed recoveries

    Leadership · September 22, 2026 · 1 publisher