CFTC and SEC Issue Joint Framework on Crypto Assets
The CFTC and SEC have released a joint framework stating that Bitcoin, Ether, and XRP are generally not securities.
The Commodity Futures Trading Commission and the Securities and Exchange Commission have issued a joint framework addressing the regulatory classification of major digital assets, according to Biggo. The announcement specifies that Bitcoin, Ether, and XRP are generally not classified as securities.
Joint Regulatory Framework
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The regulatory bodies released the joint guidelines to clarify the legal status of prominent tokens. According to the publication, the framework outlines criteria for how these digital assets are evaluated under existing financial regulations.
Key facts
- The CFTC and SEC published a joint framework regarding crypto asset classification.
- Bitcoin, Ether, and XRP are generally not classified as securities under the framework.
Source: news.google.com
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