SEC

Definition ∞ The Securities and Exchange Commission (SEC) is an independent agency of the United States federal government responsible for enforcing federal securities laws, regulating the securities industry, and protecting investors. Its pronouncements and legal actions, particularly concerning the classification of digital assets as securities, significantly influence the development and operation of the cryptocurrency industry.
Context ∞ The SEC’s actions and statements regarding digital assets are a constant focal point in crypto news, encompassing enforcement actions against crypto firms, guidance on initial coin offerings (ICOs), and debates over whether specific cryptocurrencies constitute unregistered securities. Its regulatory stance profoundly impacts market participants and the broader digital asset ecosystem.