The US Securities and Exchange Commission (SEC) has added crypto to its examination priorities for 2025, indicating increased regulatory focus on the rapidly evolving asset class. This move signals a shift in the SEC's approach to crypto, which has previously been characterized by a hands-off stance. The SEC's examination priorities outline areas where the agency will focus its resources and attention. By including crypto in these priorities, the SEC is sending a clear message that it intends to play a more active role in overseeing the crypto industry. The SEC's examination priorities are divided into two broad categories: broker-dealers and public companies. The SEC will examine broker-dealers to ensure they are operating in compliance with regulations and protecting investors. The SEC will also examine public companies to ensure they are providing accurate and complete information about their crypto-related activities. The SEC's decision to increase its focus on crypto is a significant development for the industry. It suggests that the SEC believes that crypto is now mature enough to warrant increased regulatory oversight. This is a positive sign for the industry, as it demonstrates that the SEC is taking crypto seriously and is committed to protecting investors.