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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.
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.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

