🇺🇸Regulatory Major Update｜SEC & CFTC Release Cryptocurrency Asset Guidance
On March 18, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released an updated joint guidance document, providing systematic clarification on the regulatory boundaries of digital assets 👇 🔍 Core conclusions: • Most digital assets do not constitute securities • Stablecoins, digital commodities, and utility tokens are classified as non-security assets • Mining, staking, airdropping, and other activities are not inherently securities issuance ⚠️ Key definitions: If a project party attracts investors to participate in a common enterprise through promises of management capabilities and return expectations, the related assets may be deemed investment contracts (securities) 📊 This document further clarifies that: "attributes" and "issuance methods" of cryptocurrency assets will be regulated separately 🚀 Marks that the U.S. regulatory system is transitioning from "ambiguous enforcement" to "structured classification" #Crypto # SEC #CFTC #Web3 #监管 #Digital Assets
🇺🇸Regulatory Major Update｜SEC & CFTC Release Cryptocurrency Asset Guidance
On March 18, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released an updated joint guidance document, providing systematic clarification on the regulatory boundaries of digital assets 👇
🔍 Core conclusions:
• Most digital assets do not constitute securities
• Stablecoins, digital commodities, and utility tokens are classified as non-security assets
• Mining, staking, airdropping, and other activities are not inherently securities issuance
⚠️ Key definitions:
If a project party attracts investors to participate in a common enterprise through promises of management capabilities and return expectations, the related assets may be deemed investment contracts (securities)
📊 This document further clarifies that: "attributes" and "issuance methods" of cryptocurrency assets will be regulated separately
🚀 Marks that the U.S. regulatory system is transitioning from "ambiguous enforcement" to "structured classification"
#Crypto # SEC #CFTC #Web3 #监管 #Digital Assets