CFTC and SEC continue their efforts to regulate virtual currencies and Blockchain-based smart contracts

Dec 04

From: Lexology

Michael Bahar, Gregory S. Kaufman , Adam C. Pollet and Alexander F. L. Sand | Eversheds Sutherland (US) LLP

For those longing for the heady days of the cryptocurrency free-for-all, this November is proving to be the start of the winter of your discontent. The US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) continue to take significant steps to regulate cryptoasset markets. On the one hand, the CFTC came out with A Primer on Smart Contracts to raise awareness on what they consider to be important legal, regulatory and cybersecurity risks. On the other hand, a US district court in California’s ruling against the SEC may result in more definitive rulings and guidance on when cryptocurrencies and cryptocurrency exchanges are subject to federal securities laws.

CFTC Releases Primer on Smart Contracts

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One response to “CFTC and SEC continue their efforts to regulate virtual currencies and Blockchain-based smart contracts”

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