Taken together, these initiatives reflect the SEC’s broader effort to make the United States a more workable jurisdiction for digital asset businesses and encourage innovation and capital formation in the U.S. market.

On September 25, 2026, the staff of the Security and Exchange Commission’s (SEC) Division of Corporation Finance issued frequently asked questions on the application of the federal securities laws to certain crypto assets and transactions involving them. The FAQs are meant to help market participants apply the commission’s March 17, 2026, Interpretive Release (Release No. 33-11412). The FAQs reflect the views of the staff only and do not have the force of law or create new obligations. They do, however, offer a…