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CTF Written Submission

RE: Recommendation Letter - Legal Pathway for End User Distribution Tokens Prior to Rulemaking under the CLARITY Act

June 27, 2025

Establishment of a provisional EUD Token Certification process for self-certifying tokens under the CLARITY Act.
Implementation of a No-Action Letter mechanism to confirm SEC non-enforcement for compliant EUD token projects.
Recognition of EUD tokens as non-securities, allowing their use for payments, rewards, and on-platform utility.

RE: Recommendation Letter - Legal Pathway for End User Distribution Tokens Prior to Rulemaking under the CLARITY Act (PDF, 158.65 KB)

Last Reviewed or Updated: June 27, 2025

Rules & Regulations

Enforcement & Litigation

Compliance

RE: Recommendation Letter - Legal Pathway for End User Distribution Tokens Prior to Rulemaking under the CLARITY Act

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RE: Recommendation Letter - Legal Pathway for End User Distribution Tokens Prior to Rulemaking under the CLARITY Act