SEC

The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have explained in a joint statement that there are a number of questions that need to be answered before crypto companies will be approved as broker-dealers. The statement issued on Monday covered a number of different factors that affect the approval process of a broker-dealer application by a company that deals in digital assets, including custody and whether the assets are…

Whether to consider cryptocurrency as a security or not has always been one of the most debatable questions among crypto enthusiasts, investors and of course lawmakers. Lawmakers haven’t established a concrete definition yet resulting in an unclear and uncertain environment for crypto assets. Recently, Circle, a prominent crypto company and financial service provider, has come forth and posted a blog post regarding the interpretation of the recent norms implemented by U.S. regulatory agencies including the…

The United States Securities and Exchange Commission (SEC) has come under criticism for its constant efforts to control the crypto market by a Libertarian think tank called Competitive Enterprise Institute. In a report recently published by the CEI, John Berlau, a senior fellow at the think tank expressed his harsh views against the SEC on its approach to regulating cryptocurrencies. The SEC has long been contemplating whether or not cryptocurrencies fall under the securities law….

Following the Howey Test that determines whether certain transactions qualify as ‘investment contracts,’ there’s new framework recently suggested by two SEC Commissioners and published on the SEC’s official website. The new “Framework for ‘Investment Contract’ Analysis of Digital Assets” will enable individuals and organization to understand whether the digital assets and related services they are offering could be considered as investment contracts or not. The public statement about the issue clarifies that the new framework…