The SEC and CFTC have released joint interpretive guidance on defining cryptocurrencies as securities. This marks a significant effort to clarify regulatory standards in the crypto industry.
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) published interpretive guidance outlining their approach to determining whether a cryptocurrency qualifies as a security. This guidance is one of the most specific efforts to address the longstanding ambiguity surrounding the classification of cryptocurrencies. Additionally, the CFTC issued a no-action letter for a non-custodial wallet provider to facilitate derivatives transactions.