With the Bag and Securities Commission (SEC) that releases the final rules of the Crypto-Active Services Supplier (CASP), the #Cryptoph thinking leaders and community members have shared their reactions to the draft.
However, it should be taken into account that the rules have already been completed, and comments and requests for reviews are no longer accepted.
New CASP rules
On May 30, 2025, the SEC officially released The final version of its CASP rules, significantly expanding the scope of what is considered “marketing” for services related to cryptography in the country.
According to its section 7, marketing now includes almost all communications with public orientation, such as publications in social networks, educational materials, events, ads and even Drops.
Change is a change from the December 2024 draft, adding more comprehensive supervision to avoid deceptive scams and promotions.
Compared to the previous draft, the final version adds more clarity about exemptions, squeezes the rules of responsibility and introduces stricter standards for transparency and risk dissemination.
Buenaventura: The REC rules mainly aimed to stop the scammers
After the launch of the final rules, Luis Buenaventura, the head of the GCASH GCrypto cryptography function, discussed If the commission is prohibiting cryptographic education. However, GCrypto’s head also expressed that the new SEC rules are mainly intended to stop scammers, as false cryptographic educators or influencers who promote Ponzi, MLM or fraudulent platforms.
“I think what these rules are really trying to attack are scammers, right? Months, everything left.
Chief of Gcrypto and Vice President, GCASH
Does SEC prohibit “cryptographic education”?
He also discussed what guidelines could mean for cryptographic educators, key opinion leaders (KOLS) and influencers in one of their “The Drawing Board” videos.

Buenaventura highlighted section 7 of the CASP rules of the SEC as criticism for educators and influential, pointing out its broad definition of “marketing” to include publications in social networks, events, air planes and even educational content.
The GCrypto chief questioned the practicality of the exemption of “good faith” of the SEC, pointing out that any form of compensation, whether monetary or not, could disqualify the content as educational. He stressed that even minor advantages, such as free merchandise, can be seen as partial, which makes content creators to demonstrate that their intention is purely educational.
In addition, Buenaventura added that if the educational content is not done in good faith or implies compensation, the SEC can classify the creator as an external service provider of a CASP. This can make them subject to the same sanctions and regulations as licensed cryptographic companies.
He also pointed out that even cryptographic general education, not to mention specific brands, may require registration as a financial advisor if it offers strategic advice such as rethinking or trade.
“I think that all marketing forms should be simple, clear and concise and should reveal the associated risks. I think it is only a responsible influencer or kol or whatever. We are going to talk about cryptography, so you should be able to explain that there are risks involved and what are those risks.”
Chief of Gcrypto and Vice President, GCASH
Buenaventura also emphasized the importance of transparency, saying that influential people should clearly reveal sponsorships. Do not make followers deceive and violates basic ethical standards.
“You need to be able to reveal the one you are sponsored … I think it is very important that this is alone, you know, to be honest, I think it is fair that if you receive money from brands and protocols or exchanges or whatever, you must make it very obvious that you are sponsored by these exchanges. I think that if you do not, then you do not have follow -up, you have no monitoring?
Chief of Gcrypto and Vice President, GCASH
Note: After his discussion with the SEC, Buenaventura released a new video with an updated comment on the CASP rules. Look at it here.
Web Kols view
- ELIEZER RABADO: Transparency is important.
- Kookoo Crypto TV: Guidelines protect the bad actors industry.
- Slash: CASP rules need guidelines for legitimate educators.
- Shun: The industry is willing to meet while there are clear guidelines.
The feeling of Buenaventura about transparency was followed by the CEO of Dvcode, Eliezer Rabadon, who noticed in his Facebook replacement of the Buenaventura video that the SEC Casp guidelines mainly point to stop scams and deceptive promotions. He emphasized the importance of transparency, especially around the sponsored content, pointing out that ethical dissemination alone may not be sufficient.
“If your actions are in good faith and well intentional, you are probably fine.”
Eliezer Rabadon, Executive Director, DVCODE
On the other hand, the creator of web 3 Kookoo Cryptotv expressed optimism about the new SEC guidelines, noting that they are mainly aimed at bad actors such as investment scammers.
However, he emphasized the need for clearer regulations in cryptography assets and expected the rules to also provide protections and benefits for the industry. He also asked for a formal round table with the SEC.
Shanks, a creator of content of the web3 game and member of the YGG community, also emphasized that content creators should clearly reveal if their videos are sponsored. He expects the SEC to issue more detailed guidelines to avoid discouraging legitimate educators.
With many newcomers who are still victims of scams and phishing in cryptography, emphasized the need for more reliable educational content.
In a videoCreator of content and founder of the project by one percent, Shun also shared his opinion on the finished rules. He expressed a disappointment for the strictest regulations that now affect cryptographic influencers like him.
Shun specifically highlighted the Airdrops guideline, noting that he not only affects influencers, but also all cryptocurrency enthusiasts who participate in Airdrop campaigns. He added that the country could even face the geobloque, potentially losing access to tokenses assignments of several web3 projects.
“On the other hand, we really need to do it because we are going to [aim for] Mass adoption, so regulation really needs to be. No problem with regulation; Even approving taxes is fine. Taxes on our cryptographic income or as a content creator provided that there are clear guidelines on how we can follow. “
Shun, content creator and founder, project one percent
[Translation: “On the other hand, we really need this because we are aiming for mass adoption, so regulation is necessary. There’s really no problem with regulation; even if they impose taxes, that’s fine. Taxes on what we earn from crypto or as content creators are okay, as long as there are clear guidelines on how we can comply.”]
He also emphasized that regulation will also protect the investors of bad actors in the industry.
This article is published in bitpins: #Cryptoph Community reacts to the final rules of the SEC on crypto-active service providers
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