The SEC faces backlash for inconsistent use of the term “crypto asset securities.”
Legal shifts reveal SEC no longer classifies major tokens like SOL and ADA as securities.
Confusion grows as the SEC uses contested terminology despite legal clarifications.
The U.S. Securities and Exchange Commission (SEC) has come under fire once again for its inconsistent terminology concerning crypto regulation. As highlighted by Eleanor Terrett, Fox Business reporter, the SEC issued an investor alert warning against crypto scams, specifically using the term “crypto asset securities.”
Is now a good time to point out that the @SECGov is still using the term 'crypto asset securities' in its investor alert blasts? https://t.co/IZ03jwDRXu
— Eleanor Terrett (@EleanorTerrett) September 13, 2024
However, the agency’s ongoing use of this phrase has drawn sharp criticism from industry figures, especially following its apparent shift in the legal classification of certain crypto tokens. The backlash highlights ongoing confusion over the SEC’s stance on crypto, particularly given recent legal proceedings that challenge the broad application of securities laws to crypto asse…
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