Regulatory Alerts2026-03-23 | 2026-05635Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
The Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint interpretation and guidance clarifying how federal securities laws apply to various crypto assets and transactions. The document classifies crypto assets into categories such as digital commodities, collectibles, tools, stablecoins, and securities, while analyzing activities like protocol mining, staking, wrapping, and airdrops under the Howey test. This regulatory action aims to provide greater clarity on security status and establish a tailored framework for crypto asset markets to support innovation and investor protection.
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