“It also acknowledges what the former administration refused to recognize—that most crypto assets are not themselves securities," he continued. "And it reflects the reality that investment contracts can come to an end. This effort serves as an important bridge for entrepreneurs and investors as Congress works to advance bipartisan market structure legislation, which I look forward to implementing with [CFTC] Chairman Selig in the near future.”
"This is a major step in the agencies’ efforts to provide greater clarity regarding the treatment of crypto assets, and complements Congressional endeavors to codify a comprehensive market structure framework into statute," the CFTC added.
Editor's note: This story is breaking and will be updated with additional info.
