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US securities regulator issues long-awaited crypto guidance | The Mighty 790 KFGO

US securities regulator issues long-awaited crypto guidance | The Mighty 790 KFGO

By Hannah Lang

March 17 (Reuters) – The U.S. Securities and Exchange Commission on Tuesday issued an interpretation clarifying which types of cryptocurrencies are considered securities and how a “non-security” digital asset could meet certain ​conditions to become an investment contract.

SEC Chair Paul Atkins also ‌on Tuesday that the agency should consider a safe harbor proposal to provide crypto companies with “bespoke pathways” to raise capital, while maintaining appropriate investor protections.

“It’s way past time for us to stop diagnosing the problem and start delivering the solution,” Atkins said ‌in ​remarks at an event held by crypto trade ⁠group The Digital Chamber in ⁠Washington, D.C.

The SEC’s new…

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