The focus on enforcement has done little to clarify regulatory expectations regarding current facts and market practices. The Securities and Exchange Commission (SEC).
The Securities and Exchange Commission (SEC or Commission) has been accused of “regulation by enforcement” when it comes to the standard for determining whether a crypto token is a.
When we analyze the pertinent regulations governing the space, however, it is the exception to the registration rule that necessitates a dominant focus.
In July 2017, the SEC issued its landmark DAO Report, which clarified, among other things, its view that digital tokens with characteristics akin to those of an "investment contract" as.
Throughout 2021, the SEC followed through on its commitment to aggressively enforce the federal securities laws in digital assets markets. These efforts have resulted in the SEC.