US SEC Unveils Guidance on Securities Laws Application to Cryptocurrencies

The US Securities and Exchange Commission (SEC) has made significant progress in creating regulatory guidelines for cryptocurrencies.

According to a commission-level guidance submitted to the White House's Office of Information and Regulatory Affairs (OIRA), the SEC outlined how securities laws can be applied to crypto assets.

The proposal, which will consider factors such as a crypto asset's inherent properties, behavior, and use cases, aims to provide clarity on registration, operations, and investor engagement for crypto firms in the country.

This development is seen as a step towards establishing a more comprehensive regulatory framework for cryptocurrencies. The SEC has been actively working to establish clear guidelines, with Commissioner Paul Atkins emphasizing the need for structural regulations despite falling cryptocurrency prices.