This week, the U.S SEC and the CFTC jointly issued new guidance
clarifying how federal laws apply to crypto. The duo outlined the conditions
under which a token transitions from being a security to a commodity.
SEC Chairman Paul S. Atkins said that the new guide “acknowledges
what the former administration refused to recognize – that most crypto assets
are not themselves securities.”
TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets.
This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets.
Read the release here: https://t.co/DDykVLHZQI pic.twitter.com/zbLFS2JH6g
— U.S. Securities and Exchange Commission…
