According to the source, the SEC Chair reportedly said the U.S. is a decade behind on crypto and that catching up is a top priority, signaling potential regulatory focus that traders should monitor for headline-driven catalysts in BTC, ETH and crypto-exposed equities. source: user-provided social media post dated 2025-10-18 For context, the SEC’s January 2024 approval of multiple spot Bitcoin ETFs created regulated inflow channels that broadened market participation and liquidity in BTC, providing a clear template for how policy actions can influence crypto price discovery and volumes. source: U.S. SEC official orders approving spot Bitcoin ETP listings published on sec.gov on 2024-01-10 The SEC advanced spot Ethereum ETFs in 2024 as well, establishing precedent for additional digital-asset ETPs and creating a pathway for institutional exposure to ETH. source: U.S. SEC orders and effectiveness of registration statements for spot Ethereum ETFs published on sec.gov in May–July 2024 Crypto equity sensitivity remains high: Coinbase’s revenue is materially linked to crypto trading volumes and interest, making COIN responsive to regulatory developments that affect market activity. source: Coinbase Global, Inc. Form 10-K for FY2023 filed with the U.S. SEC on sec.gov MicroStrategy’s equity is highly exposed to BTC because of its substantial bitcoin treasury strategy, making MSTR a levered proxy for BTC direction around policy headlines. source: MicroStrategy Incorporated filings with the U.S. SEC (2024 quarterly and annual reports) on sec.gov Traders should track the SEC’s rulemaking docket and public statements for timing cues on guidance, approvals, or enforcement that could serve as near-term catalysts for crypto assets and related equities. source: U.S. SEC rulemaking and statements archive on sec.gov