The staff of the Securities and Exchange Commission’s Division of Corporation Finance published a new set of frequently asked questions on September 25 clarifying how federal securities laws apply to crypto assets. The guidance, released in a document on the SEC’s website, follows the Commission’s March 17 interpretive release and the August 18 Regulation Crypto Assets proposal, and it answers specific questions on asset classification, staking receipt tokens, wrapped tokens, and issuer buybacks.

How the SEC classifies staking receipts and wrapped tokens

The FAQs clarify how the Commission’s classification framework treats receipt-style instruments. A Staking Receipt Token that represents a digital commodity free of an investment…