Kilpatrick Townsend

SEC Releases Cryptocurrency and Digital Asset Guidance

Today, the SEC published guidance with respect to cryptocurrencies, digital tokens, and similar investments (each a “digital asset”) that is designed to help issuers and others determine whether the applicable digital asset is a “security” as defined by federal securities laws. This long-awaited, critically important guidance confirms the SEC’s stance—hinted at in public statements since late 2017—that digital assets are, in many (if not most) cases, securities. Please click here to read the full blog.