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SEC and CFTC Finally Align on Crypto: “Most Assets Aren’t Securities”
Most crypto assets are not securities, according to new guidance jointly issued by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The interpretation, issued by the two regulators in a joint statement on Tuesday, sets out how federal laws apply to digital assets. It defines when a token moves from being a security to a commodity and syncs the approaches of the two regulators to crypto regulation. The SEC has long considered many crypto tokens, particularly those sold through initial coin offerings (ICOs) or linked to profit expectations, as securities under the ... (full story)
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The Commodity Futures Trading Commission joined the Securities and Exchange Commission today in issuing an interpretation clarifying how the federal securities laws apply to certain crypto assets and transactions involving crypto assets. The CFTC joined the interpretation to provide guidance the CFTC and its staff will administer the Commodity Exchange Act ...
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Good afternoon, ladies and gentlemen, and thank you, Chairman Selig, for your insightful remarks. It is a pleasure to join you today to discuss a subject that sits at the center of American innovation, capital formation, and the enduring principles of our securities laws. Before I go any further, let me offer the customary disclaimer that the views I ...
