CLARITY preserves Howey in name but rewires its effects, shifting token regulation from registration to tailored disclosure, shielding assets and secondary trading while tightly gating financial rights and decentralization standards.
CLARITY reshapes crypto regulation by classifying tokens, separating assets from transactions, enabling streamlined disclosures, legitimizing decentralized governance, easing secondary trading, and routing legal consequences without abandoning Howey’s anti-fraud core framework.
The SEC’s latest staff statement offers a roadmap for when non-custodial crypto interfaces can avoid broker-dealer registration, drawing clearer boundaries for software providers while underscoring the limits of staff-level regulatory guidance.
The SEC’s Division of Trading and Markets issued guidance on when crypto asset user interface providers may avoid broker-dealer registration, clarifying compliance expectations and operational limits for DeFi platforms under evolving regulatory scrutiny.
The SEC’s latest staff statement outlines when non-custodial crypto interfaces may operate without broker-dealer registration. While offering meaningful regulatory clarity, the framework imposes strict neutrality requirements and leaves important questions unresolved as the broader crypto regulatory landscape continues to evolve.
CFTC staff FAQ clarifies how crypto assets like BTC, ETH, and payment stablecoins may be used as margin collateral in derivatives markets, outlining limits for FCMs and DCOs, compliance conditions, and key restrictions across trading.
An overview of the evolving U.S. crypto regulatory landscape, including the SEC, CFTC, Treasury, and key legislation shaping digital asset compliance, enforcement, stablecoins, token classification, and regulatory risks for crypto startups and founders.
As prediction markets continue to grow, the CFTC is signaling that insider trading rules still apply. This alert examines how regulators approach misappropriated information, enforcement risks, and the compliance steps companies should consider when handling sensitive information.
A practical guide to startup capital formation, covering founder equity, employee stock plans, vesting, token compensation, and key U.S. fundraising exemptions, with essential regulatory considerations for crypto companies navigating early-stage growth.
A practical guide to forming a crypto startup, covering entity choice, Delaware incorporation, global structuring, compliance steps, and governance considerations that shape liability, fundraising ability, and long-term regulatory positioning.
SEC and CFTC issue joint crypto classification guidance introducing a five-category token taxonomy and clarifying treatment of securities, staking, and airdrops, while raising disclosure concerns and confirming the interpretation remains non-binding.
SEC leadership signals a shift toward tokenization of equities, introducing an “innovation exemption” framework and outlining how tokenized securities may reshape market structure, intermediaries, and regulatory treatment of on-chain trading.
