In a civil Complaint alleging cryptocurrency insider trading, the SEC asserted that nine of the 25 cryptocurrencies implicated in the alleged scheme were "crypto-asset securities."
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The DOJ charged a former NFT marketplace employee with one count of wire fraud and one count of money laundering in connection with an insider trading scheme involving NFTs.
At an SEC Investor Advisory Committee meeting, SEC Chair Gary Gensler and SEC Commissioner Hester M. Peirce offered contrasting views on market regulation, particularly as to new technologies and financial products.
In its Report on Objectives for Fiscal Year 2022, the SEC Office of the Investor Advocate stated that it will focus on environmental, social and governance disclosure, Rule 10b5-1 plans, capital-raising alternatives, equity market structure and cryptocurrency.
SEC leadership submitted testimony to the House Financial Services Committee on initiatives undertaken during the fiscal year.