According to @rovercrc, the US SEC will warn crypto firms before initiating tough enforcement actions; source: @rovercrc on X (Sep 15, 2025). The SEC’s established Wells notice process already provides formal pre-enforcement notification to prospective defendants, suggesting any change would be in policy emphasis rather than the underlying procedure; source: U.S. Securities and Exchange Commission, Wells Notice guidance. SEC enforcement headlines have historically triggered short-term volatility in BTC and ETH during major cases such as the June 2023 lawsuits against Binance and Coinbase; source: Reuters reporting on SEC actions in June 2023. Traders should monitor the SEC newsroom and litigation releases for confirmation and timing while managing headline risk around U.S. regulatory news windows; source: U.S. SEC Newsroom and Litigation Releases.