The regulator has maintained a steady stream of crypto cases over the past couple of years, but recent weeks saw a spate of enforcement actions and accusations that could form the basis of a kind of shadow rule for digital assets in the absence of formal cryptocurrency policy the industry has been asking for. Many of the cases are building on SEC claims that most digital tokens are unregistered securities, such as FTX’s exchange token, FTT, and the yield products at a number of firms. It also recently accused Kraken of inappropriately offering securities in the form of its staking service.
US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up
