美国 SEC、CFTC 联手发布重磅指导意见,为加密资产明确划分证券与非证券边界
The U.S. Securities and Exchange Commission (SEC) has released a 68-page document that systematically explains the applicability of federal securities laws to specific crypto assets, categorizing them into digital commodities, collectibles, utilities, stablecoins, and digital securities. The SEC emphasizes that crypto assets are not necessarily securities and must be evaluated based on the definition of "investment contracts." The SEC also coordinates regulatory oversight with the Commodity Futures Trading Commission (CFTC) to establish clear market standards.