BlockBeats News, March 18: The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a new regulatory guidance on Tuesday, totaling 68 pages, clearly stating that most digital assets are not securities, aiming to provide a clearer regulatory framework for the market.
SEC Chairman Paul Atkins stated at the Washington DC Blockchain Summit: “We are no longer the ‘securities and everything commission’.” He pointed out that this interpretive guidance will help market participants better understand how federal securities laws apply to crypto assets.
The new guidance proposed a set of cryptocurrency classification systems, including stablecoins, digital commodities, and “digital tools” categories, and pointed out that these assets are generally not considered securities. At the same time, the document also explained under what circumstances non-securities crypto assets may be deemed securities, and clarified the applicability of activities such as mining, protocol staking, and airdrops under securities laws.
