SEC Issues Long-Awaited Crypto Guidance, Defines Digital Assets
The US Securities and Exchange Commission (SEC) has issued long-awaited cryptocurrency guidance, classifying crypto into five categories and clarifying that securities laws apply only to digital securities, with some experts asserting that tokens are not securities. This guidance aims to define crypto assets more clearly.
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US financial regulator issues long-awaited cryptocurrency guidance
SEC now classifies crypto into five categories, with securities laws only applicable to one: digital securities The US Securities and Exchange Commission (SEC) on Tuesday issued an interpretation clarifying which types of cryptocurrencies are considered securities and how a “non-security” digital asset could meet certain conditions to become an investment contract. The SEC’s new interpretation – which the US Commodity Futures Trading Commission also joined – classifies crypto tokens into five...
By Reuters
Read full article →The SEC Finally Defines Crypto
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