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.

It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/

4

Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

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

Load More

Related articles

  1. More than 100 crypto-linked ETFs are expected to launch in 2026.

  2. The expanded partnership enables TJM to offer clients improved capital & collateral efficiency.

  3. She will be chief legal officer and chief administrative officer of the crypto payments company.

  4. The firm aims to become the 'Everything Exchange' for trading.

  5. Cybersecurity is Top of Mind for FinServ

    The statement is an interim step while the SEC continues to consider the issues.