A public statement and five settled cease-and-desist proceedings indicate how the SEC plans to apply the federal securities laws framework to cryptocurrencies, according to attorneys at Latham & Watkins LLP. They discuss how the recent actions clarify the Commission’s approach to determining whether token transactions constitute unregistered securities offerings or unregistered broker-dealer or exchange activity and for resolving unregistered token offerings. They also look ahead to what they expect to be the next enforcement frontier for the cryptocurrency space.
To read the entire article, click here.