Press release from the SEC on Crypto Assets this week (link below):
SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
The Commission interpretation suumarised below:
- Provides a coherent token taxonomy for digital commodities, digital collectibles, digital tools, stablecoins, and digital securities.
- Addresses how a "non-security crypto asset"-which is a crypto asset that itself is not a security-may become subject to, and how it may cease to be subject to, an investment contract.
- Clarifies the application of federal securities laws to airdrops, protocol mining, protocol staking, and the wrapping of a non-security crypto asset.
- Todor
------------------------------
Todor Kostov
Director
------------------------------