US SEC follows CFTC in staff guidance for crypto
60-second summary
The U.S. SEC issues staff guidance mirroring the CFTC’s approach, clarifying that federal securities laws may apply to token issuers after the CLARITY Act cloture vote fails, and outlining criteria for determining securities status. By aligning regulatory expectations, the SEC aims to reduce legal uncertainty, prompting projects to reassess compliance strategies and potentially influencing market valuation of crypto assets.
With the failed cloture vote on the CLARITY Act, the SEC announced updates on how federal securities laws could apply to token issuers, following similar guidance from the CFTC.