dYdX Foundation (@dydxfoundation): On March 17, the SEC - with endorsement from the CFTC - released a 68-page interpretation clarifying how U.S. federal securities laws apply to crypto…
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On March 17, the SEC - with endorsement from the CFTC - released a 68-page interpretation clarifying how U.S. federal securities laws apply to crypto assets. A five-category token taxonomy. Explicit guidance on staking, mining, wrapping, and airdrops... And a few critical gaps that still need addressing. The dYdX Foundation's full breakdown: http://dydx.foundation/blog/sec-crypto-asset-interpretation-key-takeaways-for-market-participants