U.S. SEC Publishes Unofficial Framework for Analyzing Digital Assets as Securities
The U.S. Securities and Exchange Commission (SEC) has published a framework for analyzing whether digital assets are “investment contracts” securities. The framework is said to present the views of its authors and is not officially recognized by the commission. However, it is meant to provide guidance on this topic.
The U.S. Supreme Court's landmark decisions in Howey from the 1940s ...