SEC Commissioner Mark T. Uyeda highlighted current regulatory challenges concerning (i) the definition of "dealer" under the Exchange Act, (ii) the lack of guidance over cryptocurrencies and (iii) the handling of off-channel communications by broker-dealers.
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The SEC adopted final rules implementing a framework for registering and regulating security-based swap execution facilities.
SEC Commissioner Hester M. Peirce criticized the SEC for pursuing a federal case against a crypto asset company for registration failures which ultimately resulted in the "demise of the company."
The SEC entered into a Stipulation of Partial Dismissal, approved by the District Court of the Southern District of New York, to dismiss in their entirety, charges filed by the SEC against two of the Ripple defendants for engaging in unregistered distribution of securities in violation of Securities Act.
The CFTC charged multiple entities for falsely claiming to be registered with the CFTC and NFA in connection with commodities offerings.