SEC Further Clarifies Some Tokens May Not Be Securities

The SEC continues to further clarify its position with respect to blockchain tokens and regulation. Speaking at a House committee hearing last year, a SEC official acknowledged the possibility that some types of “utility tokens” may not be securities.

The SEC’s Division of Corporation Finance, William Hinman, was responding to a series of questions from Rep. Tom Emmer, R-MN, during a House Financial Services Committee hearing entitled “Oversight of the SEC’s Division of Corporation Finance.” Read more.