The United States Stock Exchange and Securities Commission (SEC) has clarified that certain activities of liquid cryptocurrency commitment do not constitute offers of values, a notable step in the continuous effort of the agency to provide a clearer orientation about the regulation of digital assets.
“The declaration clarifies the opinion of the division that, depending on the facts and circumstances, the liquid commitment activities covered in the declaration do not involve the offer and sale of values,” said the regulator on Tuesday, referring to the key sections of the Values Law of 1933 and the Values Exchange Law of 1934.
“Today’s statement about the Liquid explosion is an important step in clarifying the opinion of the staff about the activities of cryptographic assets that do not fall within the jurisdiction of the SEC,” said President Paul Atkins in a statement.
This is a development story, and more information will be added as available.
