Altcoins News

Story: SEC and CFTC Say Most Crypto Assets Aren’t Securities

By Jean-Luc Maracon

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Regulators finally spoke up. The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission dropped a joint statement Tuesday that pretty much ends years of…

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SEC Chairman Paul Atkins didn't mince words when he talked about the decision. "It acknowledges what many have overlooked: most crypto assets aren't securities," Atkins said.

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The new framework breaks digital assets into five buckets: commodities, collectibles, utility tokens, stablecoins, and securities.

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CFTC Chair Michael Selig called the joint guidance "crucial for providing long-sought clarity." He added, "This is a decisive step forward for both innovators and investors.

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Crypto firms can breathe easier now. They won't have to worry about their assets getting reclassified randomly, which has been a nightmare for years.

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Not everyone's totally convinced though. Market participants tracking DeFi Groups Drop SEC Airdrop Fight will find additional context here.

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The U.S. has been slowly building toward this moment. The SEC approved spot Bitcoin and Ether ETFs recently, which got institutional investors interested in regulated platforms…

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The GENIUS Act sits in Congress right now, waiting for lawmakers to figure out comprehensive crypto rules.

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Coinbase CEO Brian Armstrong jumped on the news Wednesday. He called the SEC and CFTC guidance a "welcome step" for innovation and investor protection.

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Ripple Labs, which has been fighting the SEC since 2020, likes what it sees. CEO Brad Garlinghouse said March 17 that the guidance could help their ongoing court battle by giving…

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But some legal experts aren't totally sold yet. They point out that decentralized finance platforms still exist in a gray area.

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FINRA plans to host a public forum April 10 to hash out what the SEC and CFTC statement actually means in practice.

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Kraken's Chief Legal Officer Marco Santori stayed cautious about the whole thing. He said the guidance helps but leaves room for interpretation in complex cases.

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The timing matters here. Crypto markets have been waiting for this kind of regulatory clarity for years, and now they've got it right as institutional money starts flowing into…

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Offshore exchanges that relied on regulatory uncertainty to attract U.S. customers might lose business now.

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