Regulatory Alerts2026-03-23 | 2026-05635Added
Application 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 final rule and interpretation to clarify how federal securities laws apply to crypto assets and related transactions. The document classifies crypto assets into categories such as digital commodities, collectibles, tools, stablecoins, and securities, while providing specific guidance on activities like protocol mining, staking, wrapping, and airdrops. This regulatory framework aims to replace prior enforcement-focused approaches with clearer guidelines for determining when a crypto asset constitutes an investment contract under the Howey test.
Topics
Share