๐บ๐ธ SEC & CFTC Clarify: Bitcoin, Ethereum & XRP Are Generally Not Securities
U.S. regulators are drawing a clearer line between digital commodities and securities. The SEC and CFTC have jointly clarified that major cryptocurrencies, including Bitcoin, Ethereum, XRP and Solana, are generally considered digital commodities rather than securities.
The framework distinguishes the nature of a crypto asset from the circumstances in which it is offered or sold. Even a non-security token may still be involved in an investment contract, depending on the transaction. The interpretation also provides greater clarity on staking, airdrops and other crypto activities.
The latest regulatory push builds on the agencies' March interpretation, as the CFTC explores a broader federal framework for crypto trading and market oversight.
The bigger picture: clearer boundaries between digital commodities and securities could accelerate institutional adoption and strengthen the regulatory foundation for crypto and RWA markets.
#SEC #CFTC
U.S. regulators are drawing a clearer line between digital commodities and securities. The SEC and CFTC have jointly clarified that major cryptocurrencies, including Bitcoin, Ethereum, XRP and Solana, are generally considered digital commodities rather than securities.
The framework distinguishes the nature of a crypto asset from the circumstances in which it is offered or sold. Even a non-security token may still be involved in an investment contract, depending on the transaction. The interpretation also provides greater clarity on staking, airdrops and other crypto activities.
The latest regulatory push builds on the agencies' March interpretation, as the CFTC explores a broader federal framework for crypto trading and market oversight.
The bigger picture: clearer boundaries between digital commodities and securities could accelerate institutional adoption and strengthen the regulatory foundation for crypto and RWA markets.
#SEC #CFTC