Crypto Regulation Shakeup SEC Reviews Guidelines

SEC to Review or Rescind Crypto Asset Guidelines

• Mark Uyeda, Acting Chairman of the SEC, announced a review of crypto asset guidelines.
• The review aligns with President Donald Trump’s Executive Order on deregulation.
• The Howey Test application for classifying crypto assets as securities will be reassessed.
• The Howey Test guidance document was first published in 2019 and updated in 2024.
• Documents related to crypto risks, such as post-FTX collapse advisories from December 2022, may be revised or canceled.

The SEC’s initiative under Mark Uyeda aims to reassess how cryptocurrencies are classified using the Howey Test, potentially revising key documents issued after events like the FTX collapse in December 2022.