The Securities and Exchange Commission is shifting U.S. crypto oversight towards formal rules, with proposals on digital asset sales, broker-dealer treatment, and potential crypto trading on national exchanges. The agency is working on streamlining disclosures and reducing compliance burdens, while also coordinating with the Commodity Futures Trading Commission. Enforcement has changed, with cases against Coinbase and Binance entities being dismissed. The agenda aims to reduce uncertainty and establish a more regulated crypto market structure.

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