Most Crypto Assets Confirmed As Non-Securities By SEC And CFTC In New Guidance
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on Tuesday issued joint guidance that clarifies how federal securities laws apply to many crypto assets, a move aimed at ending years of regulatory uncertainty. The agencies said the interpretation makes clear that the bulk of digital tokens are not securities, […]
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Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC. Regulation of Crypto Assets by SEC and CFTC A commissioner with the U.S. Commodity Futures Trading Commission, Brian Quintenz, clarified Wednesday that pure commodities, including crypto assets, fall under the jurisdiction of his agency. He tweeted: “Just so we’re all clear here, the SEC has....
Caroline Pham, the acting chair of the US Commodity Futures Trading Commission (CFTC), has announced the launch of a pilot program allowing Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) to be utilized as collateral in US derivatives markets. New CFTC Guidance For Crypto The pilot program was unveiled on Monday, accompanied by new guidance […]
A commissioner with the U.S. Commodity Futures Trading Commission (CFTC) has detailed how crypto assets are regulated in the U.S. and whether they fall under the jurisdiction of the CFTC or the Securities and Exchange Commission (SEC). “There has often been a grossly inaccurate oversimplification” of how crypto assets are regulated in the United States, said the commissioner.
How Crypto Assets Are Regulated in the US
CFTC Commissioner Dawn D. Stump clarified last week how crypto assets are regulated in the U.S. by the CFTC or the SEC.
“The recent....
The United States’ financial regulators are stepping up their discussions about how to regulate crypto. Discussions have been taking place between the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) staff members with the goal of improving coordination. Caroline Pham, the CFTC Commissioner, confirmed the renewed conversations, highlighting the importance of closer […]
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to "be very, very careful." Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully.The new guidance continues the CFTC's interest in carving out rules for custodianship of virtual currencies — an area obviously distinct from any other asset class. Per the commission: "Custodians of virtual currencies are typically not subject to a system of comprehensive....