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Securities,
Banking,
Administrative/Regulatory

Aug. 16, 2018

Cryptocurrency security-status questions clarified by SEC

In a recent speech, William Hinman, director of the Securities and Exchange Commission’s Division of Corporate Finance, began to place additional definition around the debate over whether digital assets, including tokens, are securities.

Jolene E. Negre

Partner
Jenner & Block LLP

Email: jnegre@jenner.com

Jolene is a member of the firm's FinTech industry group.

See more...

Michael W. Ross

Partner
Jenner & Block LLP

Phone: (212) 891-1669

Email: mross@jenner.com

Michael is a member of the firm's FinTech industry group.

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Justin C. Steffen

Partner
Jenner & Block LLP

Justin is a member of the firm's FinTech industry group.

See more...

Andrew J. Lichtman

Associate
Jenner & Block LLP

Andrew is an associate in the firm's litigation department.

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Cryptocurrency security-status questions clarified by SEC
SEC Chairman Jay Clayton testifies at a Senate Banking Committee on virtual currencies earlier this year. (New York Times)

In a June speech, William Hinman, director of the Securities and Exchange Commission's Division of Corporate Finance, began to place additional definition around the debate over whether digital assets, including tokens, are securities. Until that speech, much commentary had focused on statements repeated by SEC officials that digital assets distributed in initial coin offerings are almost always securities in the commission's view, with the possible exception of widel...

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