Skip to search field Skip to main content

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

CTF Written Submission

Re: There Must Be Some Way Out of Here: Recommendations on the Regulation of Digital Securities Markets

March 19, 2025

Clarification that digital assets not conveying rights in a business enterprise are digital commodities, not securities.
Recognition of self-custody and autonomy benefits, allowing investors to hold and control their assets without intermediaries.
Proposal for a safe harbor for network and protocol tokens sold through investment contracts, with tailored disclosure requirements.

Re: There Must Be Some Way Out of Here: Recommendations on the Regulation of Digital Securities Markets (PDF, 827.15 KB)

Last Reviewed or Updated: April 3, 2025

Rules & Regulations

Enforcement & Litigation

Compliance

Re: There Must Be Some Way Out of Here: Recommendations on the Regulation of Digital Securities Markets

More in this Section

Re: There Must Be Some Way Out of Here: Recommendations on the Regulation of Digital Securities Markets