The US SEC and CFTC have released new cryptocurrency guidelines, clarifying that most digital assets are not classified as securities.

CoinFeed reported on March 18th that, according to The Block, the U.S. Securities and Exchange Commission (SEC) and the Cross-Border Commodity Trading Commission (CFTC) jointly released a new 68-page guidance clarifying that most cryptocurrencies are not securities. SEC Chairman Paul Atkins stated at the Blockchain Summit in Washington that this move will provide market participants with clear guidance on how federal securities laws apply to crypto assets. The guidance details the classification of stablecoins, digital goods, and “digital instruments,” all of which are considered non-securities. It also explains how “non-securities crypto assets” can be transformed into securities, and how federal securities laws apply to mining, protocol staking, and airdrops. Digital goods are defined as assets that “are intrinsically linked to and derive value from the programmatic operation and supply and demand dynamics of a functional crypto system,” and digital collectibles are also not considered securities.