This Week in Crypto Law (October 25, 2026)

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This week, regulators and courts focused on the infrastructure surrounding digital assets: tokenized securities, customer-fund safeguarding, stablecoin competition, and cross-border fraud. The developments below also illustrate the different legal effects of an examination priority, an agreed regulatory sanction, a newly filed civil complaint, and a criminal prosecution. On October 23, the SEC announced its fiscal year 2027 examination priorities . The Division of Examinations identified tokenization and evolving market infrastructure among the areas warranting heightened attention. It will examine clearing agencies’ controls relating to tokenization and review how entities subject to Regulation Systems Compliance and Integrity address tokenized securities.

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