Due Process Returns to Crypto

For years, we lived under regulation by enforcement. Ripple was sued in 2020, Coinbase in 2023, and Kraken's U.S. staking shut down in 2023. Teams tried to build in good faith and still got hit after the fact.

This morning, the SEC signaled a different approach. Technical violations will receive notice before enforcement, and staff is putting together a path to modernize crypto rules, including around-the-clock trading for tokenized securities. That is a major shift from "gotcha" to process.