SEC adds crypto assets to its November 19 compliance seminar for advisers

0Importance
closedStatus
1News media
Published

The SEC has added crypto assets to its November 19 compliance seminar for investment advisers. The event includes a virtual briefing from 4:15 p.m. to 5:20 p.m. ET and features Crypto Task Force Chief Counsel Taylor Lindman.

Key claims & sources

✓
The seminar includes a virtual briefing scheduled from 4:15 p.m. to 5:20 p.m. ET.
✓
Crypto Task Force Chief Counsel Taylor Lindman is set to take part in the virtual briefing.
✓
The SEC placed crypto assets on the agenda for its November 19 compliance seminar for advisers.
✓
The seminar is aimed at advisers and is scheduled for November 19.

What it means

In practice, the seminar now gives advisers a scheduled session to hear from the SEC on crypto assets, with Crypto Task Force Chief Counsel Taylor Lindman listed to speak. What changes is the place and time of the discussion; what does not change is that this is still a compliance seminar rather than a rule release or enforcement action. The briefing remains a one-hour-plus virtual session on November 19.

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The total crypto market fell 0.5% in the 4 hours after the first headline, after rising 1.2% in the 2 hours before.

$2.8T market cap at the headline
+1.2% 2 h before
-0.5% 4 h after
-0.3% 12 h after
First headline

47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 9 15:31

Has this happened before?

WhenWhat happenedFigure
32 days ago Thailand’s SEC Issues Guidelines to Support Crypto ETFs event 1 actors in common · 9 news media
32 days ago VolMEX Turns to SEC for Regulatory Clarity on Crypto Options event 1 actors in common · 2 news media
32 days ago French Hill says agency crypto rules cannot replace CLARITY Act event 1 actors in common · 2 news media
33 days ago SEC to Host Virtual National Compliance Outreach Seminar for Investment Companies and Investment Advisers event 1 actors in common · 3 news media
33 days ago SEC Approves 3x ETFs Tied to Bitcoin, Ethereum and Gold event 1 actors in common · 2 news media