The U.S. Securities and Exchange Commission’ (SEC) director of Corporate Finance said that the organization plans to release guidance on when cryptocurrencies should be classified as securities.
This statement was made during the D.C. Fintech Week conference. The guidance will help developers determine whether a token offering ought to be classified as a security or not. The guidance will also cover secondary market transactions and post-ICO activities. There is no information on when the document will be released.
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