Regulatory Alerts2026-03-17
SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
The U.S. Securities and Exchange Commission, jointly with the Commodity Futures Trading Commission, issued a comprehensive interpretation establishing clear jurisdictional boundaries and regulatory treatment for crypto assets under federal securities laws. The framework introduces a coherent token taxonomy, defines how non-security crypto assets can become or cease being investment contracts, and explicitly covers airdrops, protocol mining, staking, and asset wrapping. By resolving over a decade of regulatory uncertainty and aligning with pending congressional market structure legislation, the guidance provides entrepreneurs, issuers, and investors with predictable rules for crypto market participation.
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