The announced the release of detailed digital asset guidance on Wednesday, including a published framework designed to help issuers and others determine when crypto qualify as securities. In a announcing the , the new framework was described as an “analytical tool to help market participants assess whether the federal securities laws apply” to any given digital asset.
The statement stressed the importance of providing greater clarity for those market participants:
As financial technologies, methods of capital formation, and market structures continue to evolve, market participants should be aware that they may be conducting activities that fall within our jurisdiction. For example, market participants may engage in activities that require registration of transactions and persons or entities involved in those transactions. Even if no registration is required, activities involving digital assets that are securities may still be subject to the Commission’s and oversight.
According to the ’s announcement, guidance contained in the framework may be applicable to entities engaged in a broad range of crypto -related activities, including , marketing, promoting, selling, offering, buying, holding, storing, or offering various financial services related to digital assets.
The announced is apparently a Staff product rather than a rule or , and today’s statement confirmed that the ‘Commission has neither approved nor disapproved its content.”
Published at Thu, 04 Apr 2019 04:06:47 +0000
