What is the SEC

The SEC (U.S. Securities and Exchange Commission) is the federal agency responsible for enforcing securities laws and regulating financial markets. The material tracks its evolving stance on crypto assets and investor classification.

• May 2026 - Ankur Nagpal said the SEC is expected to create a qualified or sophisticated investor test, similar to other countries.
• May 2026 - Alex Thorn said the Biden administration with Gary Gensler established an anti-crypto SEC policy, while the Trump administration is closer to business as usual.
• May 2026 - Dave McClure said the SEC chair announced plans for a sophisticated investor test, allowing individuals to invest after passing a driver’s-license-like test.
• May 2026 - Ryan Sean Adams reported a rumor that the SEC may release an innovation exemption for tokenized stocks as soon as that week.
• Jun 2026 - Satya Nadella said the SEC will need to establish accounting standards for tokens.