SEC Issues Long Awaited Digital Asset Framework

The Securities and Exchange Commission has at long last published their statement on the Framework for ‘Investment Contract’ Analysis of Digital Assets; the statement uses the Howey Test as a guide to when a cryptocurrency can be traded and when it is not a security; the statement comes at the same time the SEC released a no action letter related to Turnkey Jet; Crowdfund Insider Contributor Anthony Zeoli provided a comment on the new Digital Asset Framework: “It is great to see the SEC taking affirmative actions to help define what tokens/cryptocurrencies will be treated as securities. In order for this industry to reach its full capabilities the players need to know the rules and this new guidance goes a long way towards defining those rules.” Source

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