secstatement

In a notable and important step towards regulating the digital asset industry, the U.S. Securities and Exchange Commission (SEC) issued a clarifying statement through its Division of Corporation Finance, titled:
"The offerings and registration of securities in crypto asset markets", on the evening of Thursday.

This statement comes in the context of the agency's efforts to provide further clarity regarding the application of federal securities laws to the digital currency market, at a time when this industry is expanding at an unprecedented rate. The past year has seen a notable increase in the use of traditional financial instruments such as convertible bonds to raise funds for purchasing Bitcoin and adding it to institutional treasuries, similar to what MicroStrategy did previously. Additionally, requests for launching cryptocurrency exchange-traded funds (ETFs) have significantly increased following the resounding success of spot Bitcoin funds.