CTF Written Submission
Letter to the Crypto Task Force
March 21, 2025
- Federal securities law and other federal and state regulations would apply based on the actual trading activity performed, requiring an interagency framework to factor in emerging risks.
- The framework should consider identifying the full spectrum of risks, performing regulatory mapping, and providing interpretive guidance on activities that qualify for exemption.
- Interagency participation is crucial in comprehensively identifying risks based on each agency's mission, including investment activity, registered investment advisors, financial crimes, accounting standards, safety and soundness, tax implications, and consumer regulations.
Last Reviewed or Updated: April 3, 2025