Insights

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.

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.

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.

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.