SECStatement

In a notable and important step towards regulating the digital asset industry, the U.S. Securities and Exchange Commission (SEC), through its Division of Corporation Finance, issued a clarifying statement titled:
"Offerings and Registration of Securities in Crypto Asset Markets", on the evening of Thursday.

This statement comes as part of the agency's efforts to provide more clarity regarding the application of federal securities laws to the cryptocurrency market, at a time when this industry is expanding at an unprecedented rate. Last year saw a noticeable increase in the use of traditional financial instruments such as convertible bonds to raise funds to buy Bitcoin and add it to institutional treasuries, similar to what MicroStrategy did previously. There has also been a significant rise in applications for launching cryptocurrency exchange-traded funds (ETFs) following the resounding success of spot Bitcoin funds.