00:00It's Benzinga bringing Wall Street to Main Street.
00:02The SEC issued guidance clarifying which cryptocurrencies qualify as securities and
00:07outlined how a non-security digital asset could become an investment contract, according to
00:12Reuters. The agency, joined by the Commodity Futures Trading Commission, categorized tokens
00:18into digital commodities, collectibles, tools, stablecoins, and digital securities,
00:23with securities laws applying only to digital securities. The SEC said non-security assets
00:29may fall under securities laws if marketed as investments in a common enterprise with expected
00:34profits. Chair Paul Atkins also proposed a safe harbor framework to allow crypto firms to raise
00:40capital under a startup exemption. The agency plans to release a proposal for public comment in the
00:45coming weeks as part of broader regulatory changes. For all things money, visit Benzinga.com.
Comments