SEC and CFTC release guidance on the application of federal securities laws for encrypted assets

The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued guidelines on how to apply federal securities laws to cryptocurrency assets and trading. This guideline introduces token classification and clarifies the legal scope of activities such as staking, mining, airdrops, and packaging. SEC Chairman Paul Atkins stated that most cryptocurrency assets do not belong to securities. （CoinDesk）