Does the SEC regulate cryptocurrencies?

In the realm of cryptocurrencies and finance, the question of regulatory oversight is paramount. As a key financial regulator, does the Securities and Exchange Commission (SEC) exercise its authority to regulate cryptocurrencies? This question raises significant concerns among investors, businesses, and regulators alike. Given the rapid growth and evolution of the crypto market, clarity on the SEC's role in regulating this emerging asset class is crucial. Is the SEC actively involved in overseeing cryptocurrencies, establishing rules, and enforcing compliance? Or does it remain a largely unregulated space, leaving investors to navigate the risks without clear guidance? The answer to this question holds significant implications for the future of crypto finance.