US SEC follows CFTC in staff guidance for crypto

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Commission (SEC) updated its policies on how securities laws will apply to "certain types of crypto assets and certain transactions involving crypto assets," following a similar move by the country's...

According to the SEC, token issuers could conduct buyback programs for customers provided "a crypto system is functional and has no central party" that would not necessarily qualify as "a representation or...

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Commission (SEC) updated its policies on how securities laws will apply to "certain types of crypto assets and certain transactions involving crypto assets," following a similar move by the country's federal commodities regulator last week. According to the SEC, token issuers could conduct buyback programs for customers provided "a crypto system is functional and has no central party" that would not necessarily qualify as "a representation or promise to undertake essential managerial efforts," i.e., not an investment contract under federal securities laws.

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Commission (SEC) updated its policies on how securities laws will apply to "certain types of crypto assets and certain transactions involving crypto assets," following a similar move by the country's...

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According to the SEC, token issuers could conduct buyback programs for customers provided "a crypto system is functional and has no central party" that would not necessarily qualify as "a representation or promise to undertake essential managerial efforts," i.e., not an investment contract under federal securities laws.

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