04.03.2018

SEC Adds to its Crypto Quiver

04.03.2018

The US Securities and Exchange Commission has turned to blockchain analytics vendor CipherTrade to help shed light on cryptocurrency transactions on blockchains.

If the proposed $26,550.45 contract goes through, the vendor will provide support services for its CipherTrace platform, which would let SEC staff trace individual addresses, wallets, and contacts, reported ETHNews.

The regulator’s Office Acquisitions noted that the SEC would use the vendor’s CipherTrace platform to “provide specialized analytical support to SEC staff for investigations that involve tracing cryptocurrency transactions [and] to continue activities associated with the Cryptocurrency Tracing Project, via a memorandum of understanding with the Department of Homeland Security’s Homeland Security Advanced Research Project Agency.”

The deal, which could be inked by April 4, is expected to last up to nine months, which would consist of a three-month base period followed by two option three-month extension.

The CipherTrade transaction is that the SEC has gone to specialized tool providers to meet its cryptocurrency regulatory needs. It hired Chainanalysis to help investigate bitcoin transactions in July 2017.

The vendor also won contracts with other Federal agencies, such as the Department of the Treasury, The Federal Bureau of Investigation, Drug Enforcement Agency, Immigration and Customs Enforcement, and the Internal Revenue Service, over the past three years.

COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.

A recent Markets Media article highlights how @tZERO is resetting its vision - focusing on partnerships, regulated infrastructure, and global scale to make tokenized capital markets a reality.

Under CEO @Alan_Konevsky, the company is leveraging regulatory momentum to enable…

Load More

Related articles

  1. Trading spot, perpetuals, futures, and options on one venue transforms capital efficiency.

  2. HMRC may treat certain disposals as ‘no gain, no loss’ (NGNL), including automated market makers.

  3. View of a World Traveler

    The country needs to decide its approach to digital money, especially towards stablecoins.

  4. Demand for liquid, regulated risk management tools is accelerating amid market uncertainty.

  5. Liquid benchmarks underscore maturity of the bitcoin options market.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA