SEC plans crypto rules as Tether receives KPMG audit

The U.S. Securities and Exchange Commission (SEC) is preparing new regulatory frameworks for the cryptocurrency sector. Under the “Project Crypto” agenda led by Chair Paul Atkins, the agency is expected to propose “Regulation Crypto,” which would allow projects to raise capital through token sales without full securities registration. Additionally, the SEC is considering an “innovation exemption” for tokenized stocks. This would permit blockchain-based versions of equities, such as Apple or Tesla, to trade 24/7 with fractional sizes and near-instant settlement, provided they track economic exposure without granting voting or dividend rights.

In a separate development, Tether has announced that the accounting firm KPMG has issued an unqualified opinion on its 2025 financial statements. This marks the first full audit for the company behind the USDT stablecoin, moving beyond previous quarterly attestations. According to Tether, the audit included a physical inspection and count of every individual gold bar held by the company to verify its reserves.