STP Institute

The SEC Wasting No Time Signaling A Shift In Priorities

Without a confirmed chairman in place, the Securities and Exchange Commission (SEC) has wasted no time signaling a shift from the previous administration’s priorities. Acting Chairman Mark Uyeda announced the creation of an agency-wide task force to study cryptocurrencies and establish a regulatory framework grounded in legal clarity.

On the first full day of the new administration, the SEC revealed its intent to explore a “sensible regulatory path that respects the bounds of the law.” This announcement underscores a sharp, yet anticipated, departure from the approach taken under Chairman Gary Gensler during the Biden administration. Gensler’s stance categorized most crypto offerings as securities, demanding registration and oversight by the SEC.

STP’s Cynthia Kelly Quoted in CQ Roll Call on Senate Crypto Legislation

STP Investment Services’ Managing Director of Compliance, Cynthia Kelly, was featured in CQ Roll Call’s November 6 article, “State Regulators Worry Senate Bill Would Crimp Crypto Authority.”

In the piece, Cynthia weighed in on the importance of maintaining collaboration between federal and state regulators as lawmakers work to shape new rules for digital asset markets.

“Federal-state coordination has historically been an effective model for protecting investors and maintaining market integrity,” Kelly noted. “A balanced framework should promote consistency at the federal level while preserving the state’s ability to pursue fraud and misconduct within their jurisdictions.”

The discussion reflects the growing need for clear, coordinated oversight as digital assets evolve within the broader financial ecosystem.

Read the full article here.

SEC Enforcement, Exams On Hold as Government Shuts Down

The government shutdown on Wednesday has put a stop to many regular activities at the Securities and Exchange Commission, disrupting routine examinations and enforcement actions as well as the regulator’s reviews of new product filings.

STP Investment Services Announces STP LaunchAdvisor

STP Investment Services (STP), a global provider of technology-enabled investment operations, fund administration, and compliance solutions, today unveiled STP LaunchAdvisor, a bundled service designed to deliver comprehensive fund administration, investor services, regulatory filings, and core policies designed for exempt reporting advisers and private fund managers. The offering integrates fund administration and compliance into a single, cost-effective solution, eliminating the need for multiple service providers and providing the infrastructure and regulatory support emerging managers need to establish and scale their funds efficiently.