SEC CLARIFIES WRAPPED CRYPTO RECEIPTS
The SEC says certain wrapped tokens can function as “receipts” for deposited crypto assets rather than separate financial instruments
• Receipt confirms ownership of the deposited asset
• No additional yield or financial benefits
• Custodians cannot lend, pledge or reuse the underlying assets
Issued Sept. 25, 2026
The SEC says certain wrapped tokens can function as “receipts” for deposited crypto assets rather than separate financial instruments
• Receipt confirms ownership of the deposited asset
• No additional yield or financial benefits
• Custodians cannot lend, pledge or reuse the underlying assets
Issued Sept. 25, 2026
