Given the volatility and activity in the cryptoasset market, the department will continue to monitor and, as appropriate, investigate registered firms offering cryptoasset-related services, the SEC added
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The department will evaluate registered firms' practices to address technology risks associated with the use of #blockchain and distributed ledger technology, including risks related to the security of cryptoassets.
Keith Cassidy, acting director of the SEC's Division of Enforcement, said the priority list identifies "key areas of potentially heightened risk and associated harm to investors, suggesting that the Commission will not change its approach to digital assets in 2025. Citing the need to protect investors and promote capital formation, Commission Chairman Gary Gensler said the department will help participants "understand the rules.
The emergence of spot #cryptocurrency ETFs has changed the regulator's priorities for 2024, with the SEC first approving a BTC-listed spot product in January and an ETH-listed spot product in May.
Change in leadership?
Gensler's term expires in June 2026, but many experts speculate that he could leave the SEC in January 2025, when a new presidential administration takes office.
In a July #bitcoin conference, Republican nominee Donald Trump promised to remove the SEC chairman "on the same day" if he is re-elected, and Democratic Vice President Kamala Harris is reportedly also considering replacing him.
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