SEC to Further Clarify Regulation + NFTs Not Securities Anymore⁉️

SEC Crypto Task Force Launches Roundtable Series, Bipartisan Crypto Caucus Forms, SEC Closes Investigation Into Yuga Labs, and Ethereum Foundation Backs ZKNox for Post-Quantum Security.

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March 3, 2025

SEC Crypto Task Force Launches Roundtable Series to Clarify Regulation

The SEC’s Crypto Task Force will host a series of roundtables aimed at shaping crypto asset regulation, starting with “How We Got Here and How We Get Out – Defining Security Status” on March 21. The event, led by Commissioner Hester Peirce, will be open to the public and streamed live on SEC.gov.

The task force, launched in January, seeks to establish clear regulatory guidelines, improve registration pathways, and refine disclosure frameworks. Future roundtables will further engage industry experts and the public to develop a balanced regulatory approach.

Bipartisan Congressional Crypto Caucus Forms to Advance US Digital Asset Leadership

Republican House Majority Whip Tom Emmer and Democrat Ritchie Torres have launched the Congressional Crypto Caucus to push forward crypto legislation and strengthen the US’s role in digital assets. The caucus aims to create a unified, bipartisan coalition to support blockchain innovation and regulatory clarity.

Members will work on legislation and serve as a voting bloc to influence key digital asset policies. Efforts are currently focused on stablecoin regulation and market structure frameworks, with hopes of passing bills this year. The caucus joins existing initiatives like the Congressional Blockchain Caucus in shaping crypto policy in Washington.

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SEC Closes Investigation Into Yuga Labs as Regulatory Focus Shifts

Yuga Labs announced that the SEC has officially closed its investigation into the NFT company after more than three years, calling it a major victory for the NFT space. The SEC has recently withdrawn investigations into several crypto-related firms, including Robinhood, Gemini, Uniswap Labs, and OpenSea, while settling cases with Coinbase and Kraken.

Despite these developments, the SEC’s lawsuit against Ripple remains ongoing.

Ethereum Foundation Backs ZKNox to Enhance Post-Quantum Security and Efficiency

The Ethereum Foundation has announced its support for ZKNox, a newly launched research organization founded by three expert cryptologists. ZKNox focuses on improving Ethereum’s security and efficiency, particularly in post-quantum cryptography. The startup recently optimized the Number Theoretic Transform (NTT), reducing Falcon signature verification gas costs from 24M to 2M, making post-quantum transactions 12 times cheaper.

ZKNox’s 2025 roadmap includes further advancements in post-quantum cryptographic solutions, account abstraction for hardware wallets, and security enhancements. The organization was founded by ex-Ledger executives and aims to bolster Ethereum’s resilience against future quantum computing threats.

Resources:

sec.gov

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