The U.S. SEC issued new guidance indicating that certain user-facing interfaces used in crypto securities trading may not be required to register as broker-dealers.
The U.S. Securities and Exchange Commission (SEC) has published an investment contract framework for digital assets, which is intended to give crypto companies more specific guidance as to whether a cryptocurrency is a security.
Many ICOs have attempted to evade the SEC’s scrutiny by self-labeling their products as utility tokens. So far, the SEC doesn't seem to be buying the distinction.
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