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- SEC: "We're Not Walking Away" from Enforcing Crypto Fraud
SEC: "We're Not Walking Away" from Enforcing Crypto Fraud
Plus "Y'all Street" takes on Wall Street.
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Good morning! Here’s what’s up.

Clips ✂️
Top cops at US market regulators vow core enforcement to continue
Top enforcement officials at the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on Wednesday said the agencies will continue to police market misconduct, remarks that arrive as the Trump administration seeks to remake Washington and enforcement. […]
“You can expect to see some changes based on priorities and the different policies we may pursue,” Antonia Apps, acting deputy enforcement director at the SEC, said at an American Bar Association event in Miami. “But we are going to move forward with the core enforcement agenda we have always moved forward with.” […]
When asked about the future of crypto enforcement at the agency, Apps said the regulator will continue to look at enforcement in crypto where it sees fraud and has jurisdiction.
“We are not walking away,” she said.
👉 Antonia Apps made her comments at the ABA White Collar Crime Institute in Miami. In a Law360 article by Carolina Bolado about the event, panelist Sandra Hanna of Steptoe is quoted as saying "these are not normal times," but the basic mission of the SEC will remain the same.
"The SEC has always brought bread-and-butter accounting cases," Hanna said. "Those are going to continue. The remedies are going to look different than they did under the Biden administration, but the basics are the basics as long as we can keep the staff in the building."
Forget Delaware—‘Y’all Street’ Is Open for Business
Businesses domiciled in Delaware have a choice to make. They can stay and be subjected to increasingly unpredictable theories of liability. Or, like Americans before them, they can come to Texas. Unlike Delaware, the Lone Star State is open for business.
In 2023, I signed a law establishing the Texas Business Court—the state’s first new court system in more than half a century—to specialize in corporate governance disputes, derivative actions and complex commercial transactions. The judges I appointed to stand up this historic court share a vision of efficient and equal justice under law. Texas’ Supreme Court, where any business appeals may ultimately land, is second to none. […]
Additionally, Wall Street’s duopoly over financial markets via the New York Stock Exchange and Nasdaq shouldn’t limit access to capital for the world’s eighth-largest economy. That’s why I recently announced the creation of the Texas Stock Exchange. In 2026, TXSE will begin facilitating trades and listings in Dallas, America’s emerging financial hub. Y’all Street will reduce barriers for all businesses and refocus on core investment principles instead of ESG and DEI mandates.
👉 “Y’all Street!” I like it.
I see opportunity. I look forward to reading the Y’all Street Journal and seeing who will become the Wolf of Y’all Street.

Video
Acting SEC Chairman Mark Uyeda appeared on Mornings with Maria today:

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X
Ripple pitched SOL as part of a national reserve in order to make the inclusion of XRP in a reserve seem more legitimate, according to sources familiar with the conversations.
@vronirwin reports
— Laura Shin (@laurashin)
11:43 PM • Mar 5, 2025
Singapore is considering stricter punishments, including caning, for cryptocurrency fraud due to a rise in scams. @FranciscoMemor reports.
— CoinDesk (@CoinDesk)
6:30 PM • Mar 5, 2025