$BTC
The U.S. Securities and Exchange Commission (SEC) has come under intense scrutiny for its approach to regulating cryptocurrencies, particularly regarding its characterization of digital tokens as “crypto asset securities.” The SEC has even acknowledged that its use of the term “securities” is not intended to imply that the tokens themselves are securities.
This admission, outlined in a supplemental note to the amended complaint against Binance, has drawn criticism and raised questions about the clarity and consistency of the SEC’s regulations. In its latest filing, the SEC clarified that the term “securities” is merely “shorthand” for the overall contractual context, expectations, and understandings surrounding the sale of such assets, not a classification of the assets themselves.
