Notice-and-Comment Rulemaking Will Be Applied to Crypto
The Securities and Exchange Commission’s (SEC) Crypto Task Force held the first of what is to be a series of roundtables focused on different aspects of the regulation of crypto assets.
The Friday (March 21) roundtable was titled, “How We Got Here and How We Get Out — Defining Security Status” and focused on the legal issues involved in classifying crypto assets under federal securities laws.
SEC Acting Chairman Mark T. Uyeda said in his remarks at the roundtable that because it’s not unusual to see differences in opinions among various courts, the SEC and its staff have stepped in to provide guidance in the past when dealing with other issues.
“This approach of using notice-and-comment rulemaking or…
