White House Issues Digital Asset Report, SEC Chair Declares Most Crypto Assets Are Not Securities and CFTC Advances Spot Market Push

Last week, the White House released a landmark report on digital financial technology, signaling a coordinated federal push to modernize crypto regulation. The report, issued by the President’s Working Group on Digital Assets, calls for a fit-for-purpose framework to support the responsible growth of blockchain technology across the economy. It recommends that the SEC and CFTC coordinate on digital asset rulemaking, create safe harbors for early-stage tokens and decentralized infrastructure, and…
By: Paul Hastings LLP