Express
SEC Commissioner: New Liquidity Pledge Statement May Not Reflect Actual Situation
Summary: In response to recent news, SEC Commissioner Caroline Crenshaw stated on the SEC's official website that the new liquidity pledge statement fails to clarify the application of federal securities laws to crypto assets, instead exacerbating confusion. The statement is based on a series of unverified assumptions about industry realities, with legal conclusions only applicable if ...
In response to recent news, SEC Commissioner Caroline Crenshaw stated on the SEC's official website that the new liquidity pledge statement fails to clarify the application of federal securities laws to crypto assets, instead exacerbating confusion. The statement is based on a series of unverified assumptions about industry realities, with legal conclusions only applicable if these assumptions hold true.
Prior to this, the SEC released a statement regarding liquidity pledge activities, explicitly stating that such activities are not considered securities. The SEC indicated that participants in liquidity pledge activities do not need to register transactions with the SEC under the Securities Act, nor do they need to comply with the Securities Act's registration exemption provisions for these liquidity pledge activities.
Tags:
Link: SEC Commissioner: New Liquidity Pledge Statement May Not Reflect Actual Situation [Copy]
