Eleanor Terrett (@EleanorTerrett) “🚨NEW: SEC staff has issued new FAQs clarifying how the Commission’s March inter” — TopicDigg
Eleanor Terrett
@EleanorTerrett
加入 November 2015
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🚨NEW: SEC staff has issued new FAQs clarifying how the Commission’s March interpretive release on digital assets applies to token functionality, staking receipt tokens and investment contracts.
Among the guidance: once a network is functional, services to maintain, improve or grow it generally would not count as “essential managerial efforts” under the Howey test.
The FAQs reflect staff views and have no legal force or effect.
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