SEC Clarifies Application of Securities Laws to Cryptoassets

SEC issues interpretation clarifying how federal securities laws apply to certain cryptoassets and transactions involving them.

• In fact sheet, SEC says it classified digital commodities, digital collectibles, digital tools and stablecoins as “not securities,” unlike digital securities, or “tokenized securities”
• CFTC joined SEC in issuing the guidance, and CFTC will administer the Commodities Exchange Act consistent with the SEC’s interpretation
• “After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the Commission treats crypto assets under federal securities laws,” SEC Chairman Paul Atkins said

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