SEC Clarifies How Federal Securities Laws Apply to Crypto Assets

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have jointly released a sweeping interpretive guidance that formally classifies major crypto assets and activities under federal securities law, a long-awaited move that ends years of regulatory ambiguity that industry participants described as "regulation by enforcement." The guidance, Release No. 33-11412, establishes a five-category taxonomy for crypto assets and clarifies the legal status of a range of on-chain activities including staking, mining, airdrops, and token wrapping. A New Taxonomy To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io