Cryptocurrency

Bank

2024

<p>In an October 21 notice, the SEC’s Division of Examinations&nbsp;released&nbsp;its <a href="https://www.sec.gov/files/2025-exam-priorities.pdf">examination priorities for 2025,</a> including crypto assets and their “associated products and services.” The regulator’s Division of Examinations has specifically highlighted spot Bitcoin and Ether exchange-traded products as priorities following their launch in 2024.</p> 
<p>The SEC outlined its plans to closely monitor crypto markets in its examination agenda, focusing on investments in digital assets and related vehicles. Registrants offering services related to these assets should anticipate evaluations of their practices in areas like offering, trading, and advising on crypto, particularly concerning retail investors and retirement assets.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: A year on, the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> includes <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> in its list of 2025 exam priorities despite no major crypto participants having registered with the Commission in 2024.<br><br>The only crypto assets I can think of that the SEC has interacted with in a regulatory role, not an enforcement… <a href="https://t.co/ky6Mf7jvsJ">https://t.co/ky6Mf7jvsJ</a> <a href="https://t.co/aoVvD9QrqF">pic.twitter.com/aoVvD9QrqF</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1848714111250477196?ref_src=twsrc%5Etfw">October 22, 2024</a>
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<p>The SEC will also review registrants’ compliance protocols, including custody and wallet assessments, adherence to the Bank Secrecy Act, and risk management procedures. Furthermore, examinations will evaluate how registrants manage technological risks tied to blockchain and distributed ledger technology, especially regarding the security of crypto assets.</p> 
<p>While this development may seem daunting for the market, there is a silver lining. Speculation is circulating that the current SEC chair, Gary Gensler, may step down from his position.</p> 
<p>Although Gensler’s five-year term is set to end in January 2026, it’s customary for leadership changes to occur after the U.S. presidential election, which will be held in November.</p> 
<p>The post <a href="https://www.unlock-bc.com/131371/sec-adds-cryptocurrency-to-2025-examination-priorities-amid-leadership-speculations/">SEC Adds Cryptocurrency to 2025 Examination Priorities Amid Leadership Speculations</a> appeared first on <a href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.</p>

SEC Adds Cryptocurrency to 2025 Examination Priorities Amid Leadership Speculations

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