The SEC, or Securities and Exchange Commission, is the main US regulator for securities markets. It oversees public companies, securities exchanges, brokers, investment advisers, and many investment products.
How It Works
The SEC enforces US securities laws, reviews disclosure filings, and brings cases against firms or individuals it believes have violated the rules.
In crypto, the SEC often focuses on whether a token, product, or platform should be treated as a security or securities-related service.
Why It Matters In Crypto
The SEC matters because its decisions can affect token issuers, exchanges, crypto funds, and ETF applications. Its enforcement approach has played a major role in shaping the US crypto market.
A simple example: when the SEC reviews a spot crypto ETF application, traders watch closely because approval or rejection can affect institutional access and market sentiment.
