The chairman of the United States Securities and Exchange Commission (SEC) Paul Atkins, announced the launch of a new task force. The U.S. SEC announced the formation of the Cross-Border Task Force to strengthen the efforts by the Division of Enforcement in fighting cross-border crime related to foreign-based companies.
According to Atkins, the newly formed Cross-Border Task Force will work to consolidate the SEC’s investigative efforts to curb cross-border fraud. Some of the crimes that the newly formed task force will deal with include pump-and-dump schemes in addition to ramp-and-dump.
“We welcome companies from around the world seeking access to the U.S. capital markets. But we will not tolerate bad actors – whether companies, intermediaries, gatekeepers or exploitative traders – that attempt to use international borders to frustrate and avoid U.S. investor protections,” Atkins noted.
The U.S. SEC has in the recent past stepped up its efforts to regulate the cryptocurrency market in line with President Trump’s agenda. Earlier on Friday the U.S. SEC issued a joint statement with the CFTC under acting chair Caroline Pham to help scale the web3 space in the United States legally.
Notably, the joint venture between the SEC and the CFTC announced a roundtable on regulatory harmonization, which will be held on September 29, 2025. Moreover, the SEC and the CFTC have been mandated by President Donald Trump to help strengthen the country’s leadership in digital financial technology.
“Today, we are ready to usher in a new era of innovation by recalibrating our posture toward regulatory cooperation. By harmonizing our regulatory frameworks, leveraging exemptive authorities, and collaborating on innovative products and trading platforms, the two agencies could unlock new opportunities for market participants, foster innovation, and solidify the United States as the global leader in crypto and blockchain technology,” the report noted.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Pudgy Penguins has surged back above the $0.01 mark, regaining momentum as interest in Solana-based…
Bitcoin has climbed roughly 25% from its lows, touching $79,500, but analyst Gareth Soloway says…
Cardano’s Charles Hoskinson has a message for the XRP community celebrating the Clarity Act as…
When $48 million in ETH gets unstaked, people notice. Not because the amount is huge…
The new cryptocurrency debate shifted on April 24 when Michael Saylor declared the Bitcoin winter…
Elon Musk and Dogecoin are permanently linked in crypto's cultural memory, and probably always will…
