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Digital Asset Developments: SEC No-Action Relief for Tokenized Reward Program; NYSE Announces Tokenized Trading Platform

The new year has started with important developments in the digital asset landscape, as the Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE) take action towards integrating digital assets and...more

SEC Crypto 2.0: Roadmap of SEC Developments on Cryptocurrency and Digital Assets in 2025

This past year marked a notable shift in the ongoing efforts to develop a regulatory framework for digital assets in the U.S. markets, driven by coordinated actions from the Securities and Exchange Commission (SEC) and the...more

SEC Will Not Weigh in on Exclusion of Most Shareholder Proposals for Current Proxy Season

On November 17, 2025, the SEC’s Division of Corporation Finance (the SEC) announced a significant change in its approach to no-action requests for public companies to exclude shareholder proposals under Exchange Act Rule...more

Considerations for Public Companies Developing a Digital Asset Treasury (DAT) Strategy

With unprecedented interest in the digital asset market by investors and market participants and a favorable regulatory landscape as further described in our previous alert, many public companies are developing strategies to...more

From Fragmentation to Framework: SEC, CFTC, and Nasdaq Seek to Advance Crypto Regulatory Framework

On September 5, 2025, Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, and Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, issued a joint statement...more

SEC Swiftly Launches Project Crypto and on the Road Roundtables After the President’s Working Group Report

President’s Working Group on Digital Assets Issues Report- On January 23, 2025, the President issued an executive order entitled “Strengthening American Leaders in Digital Financial Technology” to promote U.S. leadership in...more

SEC Invites Feedback to Foreign Private Issuer Eligibility Rules

On June 4, 2025, the U.S. Securities and Exchange Commission (SEC) issued a Concept Release, seeking public feedback on whether the nearly half-a-century-old definition of foreign private issuer (FPI) and the reporting...more

SEC Staff Releases Updated Guidance on Private Offerings Involving General Solicitation

On March 12, 2025, the staff of the Securities and Exchange Commission (SEC) issued a series of updates to the Securities Act Rules Compliance and Disclosure Interpretations (C&DIs), primarily affecting exempt offerings under...more

SEC Expands Availability of Confidential Review Process to Encourage Flexibility in Capital Formation

On March 3, 2025, the Securities and Exchange Commission (SEC) staff issued guidance that expands the existing accommodations available to companies to submit draft registration statements to the SEC for confidential,...more

SEC Orders Stay of New Share Repurchase Disclosure Modernization Rule Until Further Notice

On November 22, 2023, the Securities and Exchange Commission (SEC) issued an order to stay the effective date of its Share Repurchase Disclosure Modernization rules adopted in May 2023. The rules, which became effective on...more

SEC Adopts Amendments to Affirmative Defense to Insider Trading and Related Matters

On December 14, 2022, the Securities and Exchange Commission (SEC) adopted amendments to Rule 10b5-1 (Rule 10b5-1) under the Securities Exchange Act of 1934, as amended (Exchange Act) that provides an affirmative defense to...more

Court of Appeals Hears Oral Arguments in Case Challenging Nasdaq’s Board Diversity Rules

On August 29, 2022, the Fifth Circuit Court of Appeals heard oral arguments in a case against the Securities and Exchange Commission (SEC) seeking to invalidate Nasdaq’s board diversity rules which were initially proposed by...more

SEC Adopts Pay Versus Performance Disclosure Rules Seven Years After Original Proposal

On August 25, 2022, the Securities and Exchange Commission (SEC) adopted final disclosure rules implementing the pay versus performance requirement of the Dodd-Frank Act for most reporting companies. The SEC originally...more

SEC Approves Anticipated Nasdaq Board Diversity Rules

On August 6, 2021, the Securities and Exchange Commission (SEC) approved Nasdaq’s board diversity rules. The rules include “diversity objectives” that require Nasdaq-listed companies to either have or explain why they do not...more

SEC Brings Enforcement Action Against All Sides of a Proposed SPAC Transaction for Misleading Disclosures

The Securities and Exchange Commission (SEC) continues to scrutinize special purpose acquisition company (SPAC) transactions. On July 13, 2021, the SEC announced its first enforcement action in which all sides of a proposed...more

SEC Continues to Signal its Commitment to ESG Disclosures and Reporting

While there has not been any new rule-making from the Securities and Exchange Commission (SEC) just yet, the agency has sent clear signals over the past six weeks to public companies and investors about its commitment to...more

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