The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly unveiled a token taxonomy that classifies crypto assets into five categories. This latest guidance further confirms that most crypto assets, BTC, ETH, XRP, SOL, DOGE, ADA, among others, are not securities, but the SEC further explained how they could flip into securities.
US SEC Releases Token Taxonomy Classifying Crypto Assets
The US SEC released a 68-page guidance in collaboration with the CFTC, clarifying how it plans to apply federal securities laws to crypto assets. The agency notably grouped crypto assets into five categories, namely digital commodities, digital collectibles, digital tools, stablecoins, and digital securities.
The release of this token taxonomy…
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Source coingape.com
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