US SEC issues warning about scams involving ‘crypto asset securities,’ but the legal clarity behind the term remains uncertain. Ripple’s Chief Legal Officer previously criticized the SEC for using the term without a defined legal definition. The SEC has not provided a specific definition for ‘crypto asset securities,’ leading to debates about its legal status. In various enforcement actions, the SEC has confronted exchanges and crypto companies, but what qualifies as a ‘crypto asset security’ under US law remains unanswered. The lack of legal backing for the term has sparked discussions and concerns within the crypto community.
Latest
US SEC warns of ‘crypto asset securities’ scams without legal clarity
