SEC issues updated staff guidance for crypto token issuers
CIE News ·
The SEC released updated staff guidance on applying federal securities laws to token issuers, following similar moves by the CFTC and a failed Senate vote on the CLARITY Act.
The US Securities and Exchange Commission issued updated non-binding staff guidance on September 28 clarifying how federal securities laws apply to digital asset issuers, Cointelegraph reported. The release followed a failed Senate cloture vote on the CLARITY Act crypto bill. The regulator's updated framework aligns with similar guidance recently published by the Commodity Futures Trading Commission, reflecting a shared regulatory approach between the agencies.