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Blockchain Association News: Calls on SEC to drop outdated stock rules
In a significant bid to redefine how crypto is regulated in the U.S., the Blockchain Association has requested the U.S. Securities and Exchange Commission (SEC) to desist from treating digital assets as ordinary stocks. In a letter sent on May 2, 2025, the group argued that current equity-style rules don’t work well for cryptocurrency because blockchain works in a completely different way. This blockchain association news is making buzz in the community.
Crypto Is Not Like Stocks, Says Blockchain Association
The Association represents some of the industry leaders in crypto, including Uniswap Labs, Coinbase, and Ripple. In its response to SEC Commissioner Hester Peirce’s request for feedback on digital currency trading practices, the association said the SEC should rethink how it looks at the crypto market.
According to the group, rules meant for stock markets are outdated when applied to the cryptocurrency market. Blockchain systems work in real-time, don’t need middlemen, and make transactions faster and cheaper. Applying old rules to this new tech only slows things down and blocks innovation, they said.
Push for New and Flexible Rules
The Association called on the Commission to create new, flexible rules that match the way blockchain works today. They said that the agency should not limit who can use the decentralised network or how they use it. Instead of forcing strict protections like in the stock market, the group wants the focus to shift to better transparency and honest disclosures.
They also suggested updating "best execution" standards by focusing on doing proper research (reasonable diligence) instead of forcing every trade to meet the same rules as traditional markets.
Let Blockchain’s Openness Work for Regulation
One of the strongest points made was that the network is already transparent. All transaction data is recorded publicly and can be tracked in real-time. The Association believes that regulators can use this open data, like exchange APIs, to monitor the space without needing private user info.
However, the group did warn about privacy concerns. They referenced a 2024 article by policy executive Marisa Tashman Coppel, which said that asking for too much personal data could harm users and isn’t needed for effective oversight.
Instead, they argued, blockchain gives regulators a better way to keep watch without risking user safety.
A New Direction Under SEC Chair Paul Atkins
The letter also took a swipe at how the commission handled the industry under former Chair Gary Gensler. During his time, the SEC treated most tokens as securities and launched multiple enforcement actions. The Association stated that this approach is an attempt to force the digital assets industry into a stock market framework and without considering how much the technology differs.
Now, with new SEC chair Paul Atkins at the authority, matters appear to be transforming. Atkins has been more receptive to collaborating with lawmakers and the crypto community. He also created a crypto task force and held roundtables to get public input.
What’s Happening in the Industry Now
In other recent news, the SEC closed its investigation into PayPal’s PYUSD stablecoin without taking action. Ripple co-founder Chris Larsen also met with Chair Atkins, likely to discuss the ongoing XRP lawsuit. Meanwhile, the SEC and Binance agreed to delay their court case by 60 days.
Across the ocean, the UK’s financial watchdog is also looking into better rules for crypto and is asking for feedback from the public and industry leaders.
As the market grows, both regulators and industry leaders seem to be rethinking how to best protect users while allowing space for new ideas and technology.

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#BlockchainAssociationnews #SECnews #USSECnews #cryptonews

The ongoing Coinbase SEC battle has taken a new turn with the exchange accusing the regulator of destroying critical documents. At the center of the controversy are nearly a year’s worth of text messages from former Chair Gary Gensler, which the agency allegedly deleted.
This development has sparked intense debate over transparency and accountability in cryptocurrency regulation.
Coinbase SEC Battle Intensifies
As the protracted Coinbase SEC battle unfolds, the exchange alleged that Gary Gensler, the former Chair of the Securities and Exchange Commission, destroyed necessary documents. Coinbase Chief Legal Officer Paul Grewal took to X to underscore the regulator’s credibility issue. Grewal stated,
“The Gensler SEC destroyed documents they were required to preserve and produce. We now have proof from…own Inspector General."
Significantly, the Coinbase SEC battle has a long history, since the watchdog alleged that the platform sold unregistered securities. In addition, the firm has long questioned the agency’s regulation by enforcement actions.
In a lawsuit filed on Thursday, the crypto platform is supporting a research group called History Associates. The group sought Gensler’s communication under the Freedom of Information Act. In the Thursday filing, the exchange argued that Gensler destroyed key details.
Reportedly, the Office of Inspector General found that Gary Gensler's text messages from October 2022 to September 2023 were permanently deleted. This happened because of an internal policy that wipes agency devices remotely if they are offline for more than 45 days. When Gensler's phone was reset, all text communications were erased, including nearly a year's worth of messages.
These deleted messages likely contained federal records. About 38% of the recovered texts were considered "mission-related" and dealt with issues directly involving senior staff and Commissioners. The problem might go beyond Gensler, as other senior officials may have also lost records. This raises concerns about the agency's recordkeeping practices in general.
Court to Take Action
As part of the Coinbase SEC battle, the crypto company is urging the court to take necessary action against the commission for the loss of potential evidence. Grewal wrote,
“We’re want expedited discovery, sanctions, and immediate production of all responsive texts. Considering the double-standards of the previous Chair it’s not surprising that the same agency that fined firms billions for record-keeping failures committed the exact same violations.”
Judges can impose various sanctions, including ordering further document searches or limiting the SEC's court arguments. A key consideration is whether the record loss was intentional or unintentional, which influences the severity of the sanctions.

#CoinbaseVsSEC #GaryGensler #CryptoRegulation #SECNews #CryptoLegalBattle

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TRILLIONS are on the line – and the outcome of the SEC vs. Ripple lawsuit could change everything! 🌐💣
The legal battle between the SEC and Ripple is intensifying, and we’re on the verge of a monumental shift that could reshape XRP's future and send shockwaves through the entire crypto market. 🌍📉
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🔍 What’s Happening Right Now?
The SEC's Case is Crumbling: Despite their best efforts, the SEC's stance on XRP is losing ground fast. Ripple's legal defense is showing cracks in the prosecution’s case. 🧱⚡️
#Ripple Legal Team is Winning Big: With major victories in court, Ripple’s strategy is paying off. The company is making significant strides towards a favorable outcome. 🧑‍⚖️💪
#Ripple Gains Major Backers: Industry giants like Michael Saylor and others are starting to show interest in Ripple, recognizing the potential for massive returns. 🚀👀
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💸 Why Does This Matter?
Experts are starting to use the word “PARABOLIC” to describe XRP’s future. Once this lawsuit is resolved, we could see an XRP explosion like never before — a rocket ride to new all-time highs. 🚀📈
If you’re one of the earn #XRP holders, you might be sitting on life-changing gains. This is the moment you’ve been waiting for, and it’s just around the corner. 💰🌟
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What’s Next for XRP?
As the case edges toward a resolution, the crypto market is holding its breath. XRP has the potential to not only recover but soar to new heights. Will it be a moonshot moment for XRP? 🌙
Stay informed, stay ready, and brace for impact. The SEC vs. Ripple battle is about to hit a turning point — and XRP’s future may never be the same.
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#XRP #Ripple #CryptoAlert #SECNews #AltcoinSeason

SEC Commissioner Hester Peirce stated that the agency is considering a special exemption that would allow companies to use distributed ledger technology (#DLT ) for the issuance, trading, and settlement of securities. If the initiative is implemented, organizations will also be able to apply innovative systems to work with tokenized assets.@Cryptoland_88