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Hester Peirce Confirms SEC Rethinking Approach to Crypto Cases

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The U.S. Securities and Exchange Commission (SEC) is reconsidering its stance on crypto regulation as it reviews past enforcement actions. Commissioner Hester Peirce has confirmed that the agency is moving toward a different approach in handling cases against crypto firms.

During a recent interview, Peirce acknowledged that enforcement had been the primary tool for shaping crypto regulation in recent years. She emphasized that the SEC is now focusing on using other regulatory mechanisms to establish clear guidelines for digital assets.

US SEC Reviewing Crypto Regulation Strategy

The US SEC has relied heavily on enforcement actions to regulate the crypto industry. However, Hester Peirce stated that this method is not typical for policymaking. She explained that the agency is working to shift toward a more structured crypto regulation framework.

“During the past several years, enforcement cases have been used as a way to make regulatory policy; that is very atypical,” Peirce said. “We’re trying to get back to a path where we’re really using our other tools to make policy.”

The SEC’s recent decision to request a pause in its lawsuit against Binance reflects this shift in approach. The agency, Binance, and its co-founder Changpeng Zhao have asked for a 60-day stay in the litigation. The SEC stated that the work of a newly formed crypto task force could influence the case’s outcome.

Hester Peirce Led New Crypto Task Force Taking Shape

Hester Peirce is leading the SEC’s crypto-focused task force, which aims to develop a clear regulatory framework for digital assets. This group is expected to assess which cryptocurrencies qualify as securities and determine the SEC’s jurisdiction in the crypto market.

The SEC’s reconsideration of its crypto regulation amid broader regulatory changes under the Trump administration. Shortly after taking office, President Donald Trump signed an executive order creating a group to advise on crypto regulation. The administration is also exploring the concept of a national crypto stockpile, which could affect the industry’s development.

Peirce’s involvement in crypto policy has earned her recognition in the industry. She has previously supported Bitcoin exchange-traded funds (ETFs) and opposed SEC enforcement actions against crypto firms. Because of this, she has been referred to as “Crypto Mom” by digital asset advocates.

SEC Lawsuits Under Review

The SEC has filed several lawsuits against major crypto companies, including Binance, Ripple and Coinbase. These cases have accused the firms of violating securities laws, misleading investors, and operating without proper registration.

Peirce did not confirm whether the SEC would dismiss any lawsuits but stated that each case would be reviewed individually.

“It’s facts and circumstances,” she said. “We’ll have to look at each case on its merits as we go forward.”

Moreover, requests have been made in other legal disputes involving the SEC and crypto firms. For example, in a separate case involving Lejilex, the SEC and the company have agreed to postpone oral arguments that were scheduled for February 20. The delay extends the decision timeline until at least April 11, 2025.

Concurrently, last year, the agency sued Coinbase, alleging it operated as an unregistered exchange. Other firms, including Ripple, have also challenged the SEC’s authority over crypto regulation.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Coinbase Chief Legal Officer Criticizes The FDIC’s Response To FOIA Request

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The Federal Deposit Insurance Commission (FDIC) has filed a response to Coinbase’s request for information under the Freedom of Information Act (FOIA). Coinbase says the response is far from sufficient as it pledges to heighten its quest for additional information.

Coinbase Takes Swipes At FDIC’s Response To FOIA Request

Following a FOIA request filed by US-based cryptocurrency exchange Coinbase, the FDIC has released a raft of documents. However, Coinbase Chief Legal Officer Paul Grewal disclosed that the documents released by the FDIC contain too little information.

Grewal took to X (formerly Twitter) to criticize the FDIC for dragging its feet to release necessary information. According to the FOIA filing, Coinbase is seeking information into the FDIC’s role in Operation Choke Point 2.0 and the “debanking of crypto companies.”

Grewal notes that the FDIC is withholding information, particularly regarding its conduct of due diligence to ensure that Operation Chokepoint 2.0 documents remain preserved. Coinbase has filed a similar

The executive disclosed that the latest batch of documents contained several redactions that revealed “much too little, much too late.”

“They removed a few redactions, produced a few more documents, and promised another “renewed search” for other documents,” said Grewal.

The US SEC Has To File Its Own Response To FOIA Requests

Coinbase has extended its crusade against regulators by filing a FOIA request against the SEC. According to the filing, Coinbase is seeking clarification over the cost of the SEC’s enforcement actions against cryptocurrency companies.

“The previous SEC spent four years attacking a lawful industry, and American taxpayers were left holding the bill,” read a statement. “How much did you end up paying? We intend to find out.”

Pundits say the SEC’s enforcement actions against heavy hitters in the industry could cost millions of dollars. Furthermore, a reliance on third-party contractors by the SEC in the cases are expected to drive up the bill.

Coinbase’s request comes on the heels of high-profile case dismissals against cryptocurrency service providers. The SEC’s dismissal of Kraken’s case and the lawsuit against Coinbase are considered a monumental waste of public resources by the securities watchdog.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple Secures DFSA License in the UAE

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An image of the Dubai International Financial Centre

  • Ripple has secured a major license in the Middle East after getting regulatory nod from the Dubai Financial Services Authority (DFSA).
  • The license allows Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple announced on March 13, 2025 that it had secured a major license in the Middle East.

The Dubai Financial Services Authority (DFSA) has greenlit Ripple to offer regulated crypto payments and services within the Dubai International Finance Centre (DIFC).

Ripple becomes the first blockchain-enabled payments provider to snag this crucial DFSA license.

Ripple secures license in Middle East milestone

This DFSA approval marks another of Ripple’s footprint in the Middle East, with this adding to a presence that includes major partnerships in the region.

It enhances the XRP creator’s recognition and aligns with Ripple’s plans to add to its global customer base. The license also means a potentially massive opportunity for XRP adoption.

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Brad Garlinghouse, chief executive officer of Ripple. “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.”

A 2024 Ripple survey found 64% of finance leaders in the Middle East and Africa (MEA) see faster payments as the killer app for blockchain-based currencies. No surprise, then, that over 82% of MEA finance bosses say they’re “very or extremely confident” about integrating this tech into their operations.

“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s managing director for Middle East and Africa.

Merrick added;

“Securing this DFSA license is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs.”

This license will be great for Ripple’s stablecoin RLUSD, which the company launched late last year. Like other stablecoins, RLUSD could supercharge crypto adoption in the UAE, with users accessing real-time settlement for cross-border payments and remittances.





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OKX Expands Institutional Offerings In Europe With MiFID II License

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OKX crypto exchange has acquired a Markets in Financial Instruments Directive (MiFID II) license by acquiring a Malta-licensed entity. This move allows the company to introduce regulated derivative products and services for institutional clients across the European Economic Area (EEA), pending Malta Financial Services Authority (MFSA) approval.

The regulation news was made during an exclusive event on Manoel Island, Malta, as part of OKX’s strategy to strengthen its presence in the European market.

OKX Acquires MiFID II License To Expand In Europe

According to a recent announcement, OKX secured a MiFID II license through the acquisition of a Malta-based firm that holds the regulatory approval. The entity will become operational later this year after receiving clearance from the Malta Financial Services Authority (MFSA).

The MiFID II license will allow OKX to introduce regulated derivatives and investment solutions for institutional clients across the EEA. This move will enhance institutional market access while maintaining compliance with European financial regulations.

Previously, OKX received a full Markets in Crypto-Assets (MiCA) license, enabling the exchange to provide localized crypto trading services across 30 EU member states. The MiCA license supports various offerings, including spot trading, over-the-counter (OTC) trading, and automated trading solutions.

Amid these regulation news, earlier this month, top crypto exchange Binance announced that it would be delisting all non-MiCA-compliant stablecoin trading pairs for users in the EEA.

Institutional Offerings With Regulatory Compliance

OKX’s expansion under MiFID II aims to align digital assets with traditional financial markets. The company intends to provide institutional-grade services that meet European compliance standards. The newly acquired license will help OKX partner with tier-one financial institutions and introduce new regulated investment products.

With the MiFID II approval, OKX plans to integrate additional risk management features and trading solutions tailored for institutional investors. The exchange seeks to offer advanced derivatives products while ensuring security in line with European regulations.

Additionally, OKX’s institutional clients will gain access to new derivatives trading services under the MiFID II license. The platform currently supports trading for over 240 cryptocurrency tokens, 300 trading pairs, and 60 euro-based trading pairs.

Concurrently, the top crypto exchange plans to expand its fiat on-ramp options. The company allows users to deposit and withdraw euros at no cost through bank transfers while supporting card payments and other local payment methods.

More so, the exchange’s website and mobile app are designed to support local languages, currency displays, and customer service tailored to each European market. The company is set to introduce more localized services, including streamlined Know Your Customer (KYC) processes.

Reacting to the regulation news, Erald Ghoos, OKX Europe CEO added,

“With this license, we are set to deliver institutional-grade services, partner with tier 1 financial institutions, and offer regulated investment solutions that enhance market access and empower investors across the continent.”

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Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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