SEC cancels key crypto regulatory meeting
Related
The U.S. SEC released a statement on its 2026 regulatory agenda: promoting the trading of tokenized securities and advancing the development of crypto rules.
According to Odaily Odaily, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins released a statement regarding the 2026 regulatory agenda, indicating that the SEC will continue to advance a series of regulatory reforms, including adapting the regulatory framework to the current market environment, actively embracing innovation and new technologies, implementing President Trump's goal of "making America the global crypto capital," promoting the launch of more crypto-related products in the U.S. market, establishing clear rules for crypto asset financing, and clarifying the on-chain custody of market participants and promoting on-chain tokenized securities trading. Regarding capital market reforms, the U.S. SEC will advance its "Make IPOs Great Again" initiative, which aims to encourage more companies to enter the public market by reforming information disclosure systems and reducing compliance costs for companies seeking to go public, while maintaining necessary investor protection measures.
Analysis: The high compliance threshold of the UK FCA's crypto regulatory framework may be a key challenge to its implementation.
According to Odaily Odaily, the UK Financial Conduct Authority (FCA) officially released its regulatory framework for crypto assets this week. It is widely regarded by the industry as an international solution that emphasizes "global liquidity access," but its implementation still faces significant compliance and approval challenges. Under the new regulations, the FCA allows overseas exchanges to serve UK users through locally authorized branches and access global trading infrastructure, thus avoiding the formation of closed domestic liquidity pools. Simultaneously, stablecoins not issued in the UK can also circulate in the UK market, a stance considered significantly different from the regional segregation model of the EU's Crypto Asset Markets Regulation (MiCA). The "Qualified Crypto Asset Trading Platforms" (QCATP) mechanism in the new regulations is seen as a key structure connecting global exchanges with the UK market, potentially improving price efficiency and market depth. However, industry insiders point out that the FCA has not yet clarified which jurisdictions are deemed to have "comparable regulatory protection," and this uncertainty may affect companies' strategic deployment decisions. Furthermore, the rules related to decentralized finance (DeFi) are still not fully clear, and some practitioners are concerned that early solutions may restrict centralized platforms from accessing the DeFi ecosystem, causing the UK to lag behind other jurisdictions in this area of innovation. From a compliance perspective, lawyers point out that under the new Financial Services and Markets Act framework, the authorization process may be extremely stringent, with historical data showing that the FCA's anti-money laundering registration approval rate is less than 15%. The new system will also cover multi-dimensional regulatory requirements such as consumer responsibility, capital adequacy, operational resilience, and senior management accountability, significantly raising the entry threshold. Industry insiders believe that the framework provides a basic institutional foundation for institutional funds to enter the crypto market, but whether the UK can truly become a global crypto hub will depend on the certainty of regulatory enforcement and the efficiency of approvals in the coming months. (CoinDesk)
Video | U.S. SEC Chairman Paul Atkins: Providing Regulatory Certainty for Digital Asset Issuers
On June 30, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated at the Economic Club of New York that the United States is responding to the Trump administration's call to become the "crypto capital of the world." Through a new "crypto initiative," the SEC will accelerate the updating of its digital asset regulatory framework, clarifying which crypto assets are securities and whether they fall under SEC jurisdiction, providing clearer regulatory boundaries for issuers, investors, and entrepreneurs. Crucially, the SEC has signed a historic memorandum of understanding with the CFTC, attempting to unify key definitions and coordinate regulatory responsibilities. The crypto industry has long been plagued by ambiguous regulations and overlapping oversights; now, the U.S. is attempting to transform this "regulatory no-man's land" into fertile ground for market-driven blockchain and crypto innovation.
South Korea's Ministry of Finance held an emergency meeting, warning of excessive concentration in the semiconductor sector.
According to Odaily Odaily, South Korea's Ministry of Finance announced that Finance Minister Koo Yun-cheol held an emergency meeting with the Governor of the Bank of Korea and heads of financial regulatory agencies to address the recent sharp fluctuations in the South Korean stock market. The South Korean government stated that it will closely monitor various risk factors that could exacerbate market uncertainty and prevent further market volatility. Recently, the South Korean stock market has experienced increased volatility due to factors such as profit-taking by foreign investors and institutions, adjustments in expectations for the AI sector, and portfolio rebalancing. The KOSPI index triggered its sixth circuit breaker this year this week. In a statement, the South Korean government said, "The excessive concentration in the semiconductor industry has become a core factor amplifying financial market volatility, and the transmission effect of fluctuations in the chip sector on the overall market is constantly increasing." (Jinshi)
The U.S. Securities and Exchange Commission (SEC) is expected to propose cryptocurrency rules as early as this month to streamline the fundraising process for startups.
PANews reported on July 8th that, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has updated its agenda, indicating it plans to propose new cryptocurrency rules as early as this month. The rule would establish a temporary registration exemption for developers launching crypto investment contracts, allow for a certain amount of financing, and create a safe harbor for issuers exiting securities regulation. SEC Chairman Paul Atkins stated that this move aims to achieve the goal of "making the U.S. the global crypto capital," establishing clear rules for crypto asset financing, and providing clear guidance for the custody and trading of on-chain tokenized securities. This is the SEC's first major rule-making effort in the crypto space; previously, the agency had released a digital asset taxonomy and begun developing related plans to promote tokenized securities. The cryptocurrency rule is currently under review by the White House Office of Information and Regulatory Affairs.
Crypto hacker losses decreased by 47% year-on-year in the first half of 2026, but the overall security situation has not improved.
According to Foresight News , citing Cointelegraph, total losses from cryptocurrency security incidents in the first half of 2026 amounted to approximately $1.32 billion, a 46.8% decrease year-over-year. However, CertiK warns that this figure is misleading. The data from the same period last year was severely distorted by the massive $1.4 billion theft from Bybit, the largest single hack in history. In reality, attackers are becoming more targeted and destructive. Specifically, phishing attacks resulted in $508.2 million in losses in the first quarter, while losses in the second quarter rose 59% quarter-over-quarter to $807.5 million. Over 70% of these losses came from the KelpDAO and Drift Protocol incidents, both believed to be the work of North Korean state-sponsored hackers. A report from TRM Labs during the same period also indicated that the number of attacks surged from 83 to 207 in the first half of the year, the highest on record, with smart contract vulnerability attacks accounting for 60%. CertiK also points out that private key and multi-signature wallet management remain the most vulnerable security areas that attackers can exploit. He recommends that protocol providers strengthen private key management from multiple levels, including hardware security, multi-signature governance, and geographically dispersed signers.