SEC says “most crypto assets are not securities,” introduces new token categories

The United States Securities and Exchange Commission (SEC) has introduced a formal classification system for crypto assets, marking a major regulatory shifts for the industry in years. In a March 17 statement, the SEC said the new interpretation provides long-awaited clarity on how federal securities laws apply to digital assets, while acknowledging a major shift in its stance. “After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how ...