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CTF Written Submission

Re: Recommendations Regarding a Safe Harbor and Crowdfunding Regime for Collectible Tokens (NFTs)

March 27, 2025

The document recommends the creation of a safe harbor to exclude ordinary transactions of collectible tokens from federal securities laws.
It proposes new crowdfunding regulations for transactions of collectible tokens that may engender risks addressed by federal securities laws.
The document emphasizes that collectible tokens generally do not have the inherent characteristics of securities and should not be subject to federal securities laws.

Re: Recommendations Regarding a Safe Harbor and Crowdfunding Regime for Collectible Tokens (NFTs) (PDF, 439.84 KB)

Last Reviewed or Updated: April 3, 2025