Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Your Key to Successful Crypto Trading

    November 4, 2023

    Grayscale sets 0.15% fee for its Bitcoin Mini Trust ETF

    April 21, 2024

    ApeFest 4: Lisbon’s Leap into the Crypto Limelight with Bored Ape Yacht Club | NFT CULTURE | NFT News | Web3 Culture

    April 15, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025

      Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

      July 4, 2025

      Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish

      July 3, 2025

      Dow, S&P 500, Nasdaq mixed as investors weigh tariff talks

      July 1, 2025
    • Technology

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025

      Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

      July 5, 2025

      Why are Bitcoin and altcoins going down today?

      July 4, 2025

      Comment on XRP ETF Race Heats Up As SEC Reviews Filings by BONK Memecoin Pumps Over 16% amid ETF-Driven Interest

      July 3, 2025

      Arizona Governor Hobbs Vetoes Digital Asset Reserve Bill, Stalling State Crypto Agenda

      July 2, 2025
    • Learn/Guide

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025

      Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

      July 5, 2025

      Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

      July 4, 2025

      Will the Bullish Trend Continue?

      July 3, 2025

      Coinbase acquires web3 startup Liquifi after $2.9B Deribit deal

      July 2, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » SEC staff must obtain top-level approval before launching investigations under new leadership
    Learn/Guide

    SEC staff must obtain top-level approval before launching investigations under new leadership

    February 4, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    SEC staff must obtain top-level approval before launching investigations under new leadership
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Key Takeaways

    • SEC lawyers now need approval from politically appointed commissioners to start formal investigations.
    • The change follows a leadership transition at the SEC, with Mark Uyeda appointed as Acting Chair.

    Share this article







    The SEC is now requiring its lawyers to obtain top-level approval before formally launching an investigation, according to two sources familiar with the matter who spoke to Reuters on condition of anonymity.

    The new requirement mandates that enforcement staff must secure permission from politically appointed commissioners to issue subpoenas, demand documents, and compel testimony.

    Previously, staff members had the authority to initiate formal investigations independently, though SEC commissioners maintained oversight of the process.

    The change follows leadership transitions at the SEC, including the departure of former chair Gary Gensler and Democrat Jaime Lizárraga last month. President Donald Trump appointed Mark Uyeda as Acting Chair, with the commission currently operating with three commissioners: Uyeda, Hester Peirce, and Caroline Crenshaw.

    According to Tyler Warner, a former banking consultant turned NFT market analyst, the new system will prevent “rogue attacks.” SEC commissioners will be more discerning and less likely to approve investigations without solid evidence.

    On the flip side, this procedure change may come with the risk that legitimate cases of fraud will be missed or delayed. “Too early to call it net positive or negative, [though] I lean positive,” he added.

    Under the previous administration, the SEC required approval from its two enforcement directors to formally launch probes. The sources did not specify whether the Commission formally voted to revoke the previous delegation of authority.

    Enforcement staff can continue conducting informal investigations without commissioner approval, including sending information requests.

    Under Gensler’s leadership, the SEC increased regulatory actions against major crypto exchanges, focusing on allegations of fraud and securities law violations. This approach drew criticism from both the crypto sector and some lawmakers, including Democrats who argued that Gensler’s interpretations of securities laws were overly broad and vague.

    Gensler maintained that the SEC’s role was crucial in protecting investors from potential frauds and scams prevalent in the crypto space. However, his critics argued that this perspective led to a heavy-handed approach that could be seen as a war on crypto, raising concerns about whether such actions were justified or excessively punitive.

    Marc Fagel, a retired attorney specializing in SEC enforcement and securities litigation, said that the change was a step backward, making investigations slower and ultimately benefiting those committing fraud.

    “Having been personally involved in the original effort to delegate formal order authority, I can say this is a dumb move that will do nothing but make already slow investigations take even longer. Great news for anyone committing fraud,” he said.

    Share this article









    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

    July 6, 2025

    Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

    July 5, 2025

    Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

    July 4, 2025

    Will the Bullish Trend Continue?

    July 3, 2025
    Top Posts

    Polygon 2.0 to propel the chain into the top 3 ranks by 2024

    November 28, 2023

    Memecoin announces a viral tattoo challenge

    June 18, 2024

    $SHIRO: Why the Original Might Be the Real Winner

    December 13, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025

    Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

    July 4, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.