Latham & Watkins takes a deep dive into US
trends to unpick the patchwork efforts to regulate tokens,
blockchains and cryptocurrencies and the businesses that deal
In the US, the attempts to regulate the growing
cryptocurrency and token industries have perplexed regulators
and legislators at federal and state levels. In the past year
or so, lawmakers have made a concerted effort to better
understand the potential risks and rewards in this space.
With stablecoin projects burgeoning in the US and
cryptocurrencies rebounding strongly in 2019, market regulators
and both federal and state legislatures have made some progress
in attempting to provide legal clarity regarding the status of
digital assets and cryptocurrencies (collectively, tokens) and
the platforms on which they trade.
In spring 2019, the Securities and Exchange Commission (SEC)
released its Framework for 'Investment Contract' Analysis of
Digital Assets (Framework), which it intends to serve...