Encryption market regulation focus: The U.S. SEC will hold a meeting this Friday (10:00 a.m. Eastern Time) to review whether to introduce bespoke issuance rules for crypto asset investment contracts. This is the most critical regulatory signal in the near term. In addition, after the EU’s MiCA framework took effect, scams involving impersonation of regulatory authorities surged, and more than 1,700 unlicensed platforms were shut down.