#SECGuidance The SEC (Securities and Exchange Commission) of the U.S. has issued various guidances and statements regarding cryptocurrencies, with the aim of protecting investors and ensuring transparency in the markets. One of the main concerns of the SEC is determining when a cryptocurrency or token should be considered a financial security under U.S. law, particularly through the criterion of the Howey Test.

According to the SEC, if a token is sold with the promise of obtaining profits from the work of others (for example, developers or promoters), it could be classified as a security, which implies that it must be registered and comply with specific regulations. This has affected multiple crypto projects, which have been sued or warned for not complying with these rules.

The SEC guidances also recommend that companies operating with crypto assets —such as exchanges, wallets, and DeFi platforms— ensure they comply with anti-money laundering laws and adequately protect user funds. Regulation is still evolving, but the message from the SEC is clear: if projects do not comply with traditional financial legislation, they will face legal consequences, even if they operate in the decentralized environment of blockchain.