Not legally binding? We helped you analyze the SEC’s latest cryptographic monetary framework guidance.

Of course, for cryptographic practitioners and legal experts, the Securities and Exchange Commission’s guidance on the issuance of cryptographic monetary frameworks has, to some extent, increased regulatory transparency and is a positive step forward in regulation. At the same time, however, there is a consensus in the industry that the framework guidance does not clearly define some conceptual definitions, that there are still no clear rule requirements in some key areas, and that many issues remain to be discussed, such as the scope of application of the cryptographic guidance, what benefits start-ups can derive from the framework, and so on

It is also a common feeling among lawyers and regulatory experts in the blockchain industry.

Yes, the Securities and Exchange Commission’s release of the cryptographic monetary framework guidance is just the beginning. As early as six months ago, William Hinman, head of corporate finance William Hinman the Securities and Exchange Commission, claimed to develop new cryptographic framework guidance and wanted to use easy-to-understand language to give cryptographic startups a better understanding of regulatory ideas and help them determine whether their products would be identified as securities.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s