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Crypto Market Update: SEC Proposes First Transfer Agent Overhaul in 40 Years

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news

Here’s a quick recap of the crypto landscape for Wednesday (September 2) as of 10:00 a.m. UTC.


Bitcoin price update

Bitcoin (BTC) was priced at US$76,706.03, trading 1.7 percent lower over the past 24 hours.

​Bitcoin price chart

Bitcoin price performance, September 2, 2026.

Chart via the Investing News Network

Bitcoin price performance, September 2, 2026.

Ether and altcoin price update

Bitcoin price performance, August 19, 2026.

  • Ethereum (ETH) was priced at US$2,375.11, trading 3.1 percent lower over the last 24 hours.
  • XRP (XRP) was priced at US$1.33, down 4.0 percent over the past 24 hours.
  • Solana (SOL) was trading at US$98.59, 4.1 percent lower over the past 24 hours.

​Today’s crypto news to know

Strategy resumes Bitcoin purchases with US$369.7 million acquisition

Strategy (NASDAQ:MSTR) ended a two-month buying pause by acquiring 4,603 BTC for US$369.7 million at an average price of US$80,318 per coin.

The company raised funds by selling US$602.8 million worth of common stock and allocated US$369.7 million of those proceeds directly to the Bitcoin purchase. Executive leadership used UD$151.8 million of the remaining proceeds to repurchase STRC preferred stock while adding the balance to corporate cash reserves.

The latest acquisition brings Strategy’s total holdings to 845,050 BTC with a total purchase cost of US$63.73 billion. This updates the firm’s all-time average acquisition price to roughly US$75,412 per bitcoin, well below the US$80,318 rate it paid for the recent tranche.

SEC proposes first transfer agent rule overhaul in 40 years

The Securities and Exchange Commission (SEC) published a 421-page proposal on Tuesday (September 1), marking its first substantive rewrite of transfer agent rules since the early 1980s.

The updated regulations directly address market participants building blockchain-native transfer agents for tokenized fund administration and distributed ledger recordkeeping. Under proposed changes to Form TA-2, transfer agents must report issues that maintain master securityholder files on distributed ledgers.

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The proposal also rescinds an older exemption rule, sets a single record retention period, and redefines safeguarding rules around cybersecurity risk management.

SEC Chairman Paul S. Atkins confirmed the overhaul ensures regulations reflect agents’ adoption of “electronic communications and blockchain technology.”

The Commission set a 60-day comment period following Federal Register publication and separately scheduled a September 17 roundtable on 24-hour trading.

Robinhood chain daily DEX volume surges past US$1.5 Billion

Daily trading volume on Robinhood Chain’s decentralized exchanges jumped 61 percent between August 28 and September 1, climbing from US$989 million to US$1.595 billion.

The network held US$738.11 million in DeFi deposits and nearly US$797 million in stablecoin balances as of September 1. DeFiLlama also recorded $353.96 million in daily perpetual futures volume and $2.524 billion in total assets bridged onto the chain.

Robinhood Chain launched its mainnet on July 1 to enable round-the-clock trading, lending, and collateral usage for tokenized equities. Total value locked in DeFi protocols on the network now sits nearly eight times higher than July levels, while stablecoin capitalization has roughly tripled.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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