Blockchain Legal Resource

On March 17, 2026, the US Securities and Exchange Commission (SEC) announced the release of interpretive guidance (Guidance) seeking to clarify the application of the federal securities laws to various categories of crypto assets. The Commodity Futures Trading Commission also joined the guidance to assure market participants it would interpret the Commodity Exchange Act in a consistent fashion.

In mid-January 2026, key Senate committees published discussion drafts of market structure legislation for comprehensive federal regulation of digital assets. The Senate Banking Committee’s version of the bill is called the “Digital Asset Market Clarity Act.”  The Senate Agriculture Committee’s version of the bill is called the “Digital Commodity Intermediaries Act.”

On November 20, 2025, the U.S. Securities and Exchange Commission issued a brief announcement that it filed a joint stipulation with defendants SolarWinds Corporation and its Chief Information Security Officer to dismiss, with prejudice, the SEC’s ongoing civil enforcement action against them.

On September 29, 2025, staff in the SEC’s Division of Investment Management issued no-action relief for certain crypto asset custodians. Specifically, the relief will, under certain circumstances, allow SEC-registered investment advisers (Registered Advisers), registered investment companies and business development companies (collectively, Regulated Funds) to treat a state-chartered trust company as a “bank” (for custody purposes) with respect to crypto assets and related cash or cash equivalents, without fear of enforcement under the SEC’s custody rules.