Blockchain Legal Resource

On May 15, 2025, the staff of the SEC’s Division of Trading and Markets issued new FAQs relating to crypto asset activities and distributed ledger technology. Additionally, the staffs of the Division of Trading and Markets and the Office of General Counsel of FINRA also withdrew their 2019 joint statement regarding broker-dealer custody of digital asset securities.

In prepared remarks at the SEC’s roundtable on tokenization held May 12, 2025, SEC Chairman Paul Atkins provided a roadmap for the SEC’s future efforts involving crypto and digital assets. A “key priority,” Atkins declared, “will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road . . . while continuing to discourage bad actors from violating the law.”