SEC Issues Guidance on Securities Laws for Token Issuers Following CFTC
Source Summary
The SEC announced updates clarifying how federal securities laws apply to token issuers, following similar guidance released by the CFTC. This guidance came after a failed cloture vote on the CLARITY Act, which would have addressed cryptocurrency regulation.
Why it matters
The SEC guidance provides regulatory clarity for token issuers on securities law compliance, addressing a gap left by the failed legislative effort to establish comprehensive cryptocurrency rules.
