SEC Crypto Task Force meets with Saylor, CCI, and MITRE to discuss regulation
The SEC Crypto Task Force met with Strategy executive chair Michael Saylor, representatives from the Crypto Council for Innovation and MITRE Corporation to discuss the best approach to regulating crypto assets in the US on Feb. 21.
According to memos shared by the SEC, the task force staff reviewed a framework document defining a crypto taxonomy and a regulatory structure during the meeting.
The document classifies digital commodities such as Bitcoin (BTC), digital securities tied to issuers, digital currencies backed by fiat, digital tokens with defined utility, non-fungible tokens for unique digital applications, and digital ABT assets linked to physical commodities.
It establishes rights and responsibilities for issuers, exchanges, and…
