Unilateral power to reverse transactions signals central oversight, SEC staff notes

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Mykhailo Ihnatenko

04.11.2026

Unilateral power to reverse transactions signals central oversight, SEC staff notes — SEC staff cite central crypto oversight

Staff from the Securities and Exchange Commission's Corporation Finance division have provided guidance in a frequently asked questions document, stating that having unilateral authority to reverse transactions or revoke access is an example of a central party overseeing participation in a crypto system.

Laura Shin noted that, according to this FAQ, the staff answers carry no legal force or effect.

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Earlier, critics questioned whether the $250,000 payout for the XRP Ledger infinite mint bug matched industry standards, drawing comparisons to Google’s reward schemes in a recent analysis. Separately, Laura Shin relayed efforts by NEAR Intents GM Alex Shevchenko to counter a rise in AI-driven hacks since March, as reported here. These developments highlight continuing scrutiny of governance and security approaches in crypto systems.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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