This week was anything but normal in the world of money. Changes at the U.S. Securities and Exchange Commission (SEC), Circle’s shaky IPO plans, and President Trump’s tariff threats caused market chaos, leaving investors running. As funding rates and trading numbers dropped, there were considerable changes in the crypto world. Here is a complete list of the significant events that have changed the business world.
SEC to Reconsider Digital Asset Guidelines
Acting SEC Chair Mark T. Uyeda has started a major regulatory review by telling agency staff to review important rules about bitcoin securities laws again. According to Executive Order 14192, “Unleashing Prosperity Through Deregulation,” this move is in line with that order and suggests that the SEC may change how it deals with digital assets.
The Howey Test framework is part of the guidance being examined. It is a key part of figuring out whether digital assets are stocks. Another item is the 2021 warning about Bitcoin futures in mutual funds. There are also alerts from 2020–2022 about crypto trading risks and the need for disclosure after big bankruptcies. This study could change the rules for crypto investments in the United States.
SEC Clarifies “Covered” Tokens Not Securities
In a separate statement, the SEC gave long-awaited information about stablecoins. It said that **”Covered Stablecoins,”** which are fully redeemable tokens fixed to the USD like USDT and USDC, **do **not** fall under the agency’s control.
The assets that back these tokens must be liquid, low-risk, and have more funds than currently circulating tokens. The term does not include algorithmic or non-USD-pegged stablecoins.
Circle’s IPO Paused Due to Economic Volatility
Circle, the company behind USDC, filed for an IPO on the New York Stock Exchange with the code “CRCL.” Economic instability, partly caused by Trump’s sudden tariff announcements has allegedly forced the company to rethink its IPO timeline.
Conclusion
This week, changes to regulations and slowing economies made it clear how fragile investor confidence is. As the SEC looks again at crypto rules and the market deals with shocks worldwide, investors in both standard and digital assets are getting ready for a rough ride.
