SEC's Best-Known Crypto Advocate Hester Peirce to Step Down According to crypto journalist Eleanor Terrett, SEC Commissioner Hester Peirce will leave the agency on October 2 after nearly nine years of service. She will join Regent University School of Law as an associate professor in November. Known as "Crypto Mom," Peirce has been a longtime advocate for the crypto industry.

SEC Staff: Token Buybacks and Continued Development of Functional Crypto Networks May Not Trigger Howey Test The SEC’s Division of Corporation Finance issued new FAQs clarifying its March 17 crypto guidance. Staff said Staking Receipt Tokens may qualify as “digital tools” or “digital commodities,” depending on their structure. For already functional crypto systems, continued maintenance, improvements, network development and non-security token buybacks generally do not constitute “essential managerial efforts” under the Howey test. However, buybacks promoted as generating returns before a system becomes functional may constitute such efforts. The FAQs represent staff views and have no legal force or effect.

[SECURITY NOTICE] Bitget Hot Wallet Incident — September 24, 2026 At 18:31 UTC on September 24, 2026, Bitget's security systems detected unauthorized transfers from some of our hot wallets. Our security team activated emergency response protocols immediately. What we have confirmed: -Estimated funds affected: approximately $351.6 million -Cold wallets remain fully secure. Bitget operates a three-tier wallet architecture — the breach contained only a portion of the hot wallet and warm wallet layers. -User funds are safe. The full amount of this loss falls within the coverage of Bitget's User Protection Fund, which currently holds over $464 million Actions we have taken: -Emergency response team activated within minutes of detection -Abnormal transfer addresses identified, flagged, and reported -Withdrawals temporarily suspended as a precautionary measure, pending security review -Law enforcement and on-chain security firms have been formally notified and are engaged What this means for you: -Your account balances are accurate and your assets are protected -Deposits and trading remain fully operational Withdrawals are temporarily paused and will be restored as soon as the security review is complete -What comes next: We will provide updates on an hourly basis across this channel and all official platforms. A full incident report — including root cause analysis and corrective actions — will be published within 24 hours. We will not speculate on the attack vector until the investigation is complete. Bitget has navigated multiple market cycles. We will not run from this. Every dollar and every decision will be accounted for, transparently and in full. Updates will be posted here and across all official Bitget channels as they become available. — Gracy Chen, CEO, Bitget