SEC and CFTC Issue Joint Crypto Interpretation, Ending Over a Decade of Regulatory Uncertainty

TLDR: The SEC introduced a token taxonomy covering digital commodities, collectibles, tools, stablecoins, and securities. The CFTC will administer the Commodity Exchange Act in line with the SEC’s new crypto asset interpretation. The guidance clarifies how non-security crypto assets can enter or exit the scope of an investment contract. Activities like airdrops, protocol staking, and [...]

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