Experts predict that crypto regulations will tighten this month. The Blockchain Association has advised everyone in the industry to prepare for more legal actions as September unfolds.

Why is September significant? Well, it’s a crucial month for the Securities and Exchange Commission (SEC). Recently, the SEC took action against the trading app eToro. They reached a $1.5 million settlement. As part of this deal, eToro will limit U.S. customers to trading only Bitcoin, Bitcoin Cash, and Ethereum. Kristin Smith, the CEO of Blockchain Association, stated, “Unfortunately, we’ll see more of these actions in the coming weeks.”

The timing makes sense. The SEC's fiscal year ends on September 30. The more enforcement actions they can show, the more funding they can request from Congress. SEC Chair Gary Gensler is asking for $2.6 billion for 2025. He wants to expand his team and tackle what he calls “the Wild West of crypto markets.”

Historically, September has been a busy month for the SEC. Over the past five years, they’ve issued the most enforcement actions during this time. It's worth noting that this isn’t just about crypto; the SEC oversees all financial markets in the U.S.

So far this September, the SEC has initiated 12 enforcement actions. On average, they’ve issued 44 actions during this month over the last five years. Keep an eye on this space; it’s likely to get more interesting.