SEC and CFTC Issue Interpretive Release on Crypto Assets

The SEC, in conjunction with the Commodity Futures Trading Commission (CFTC), has issued an interpretive release to clarify “how the federal securities laws apply to certain crypto assets and transactions involving crypto assets.” In the words of SEC Chairman Paul Atkins, the interpretive release is part of the SEC’s effort to serve as “as an important bridge for entrepreneurs and investors as Congress works to advance bipartisan market structure legislation.”

Interested parties may submit comments on the interpretive release through the SEC’s Web site. For more information about the interpretive release, see the press release and fact sheet — as well as the statements by Chairman Atkins and SEC Division of Corporation Finance Director James Maloney — on the SEC’s Web site.