Client AlertKey Points
A newly issued interpretation from the SEC creates a “token taxonomy” that draws clear lines between the SEC’s and CFTC’s jurisdiction over crypto assets. The CFTC joined the Interpretation and affirmed it will administer the Commodity Exchange Act consistent with the SEC’s Interpretation.
The taxonomy establishes five categories of crypto assets: digital commodities, digital collectibles, digital tools, payment stablecoins and digital securities. According to the SEC, o...
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