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SEC Staff Guidance Says Unaffiliated Token Holders Generally Not a Controlling Group, Affecting Commodity Classification
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2d ago

SEC Staff Guidance Says Unaffiliated Token Holders Generally Not a Controlling Group, Affecting Commodity Classification

The SEC added three FAQ entries on Monday clarifying that token holders who participate in on-chain governance are generally not considered a controlling group, provided they are unaffiliated. The guidance affects which tokens qualify as commodities under securities law. The source characterizes this as staff...

Commentary / Analysis·T7Analysis0 of 15 outlets