SEC launches new cryptocurrency working group website

Odaily reports that the U.S. Securities and Exchange Commission (SEC) has launched a new Cryptocurrency Working Group website. According to the website, the Cryptocurrency Working Group aims to clarify the application of federal securities laws in the cryptocurrency asset market and propose practical policy measures to promote innovation and protect investors. The Cryptocurrency Working Group collaborates with Commission staff and the public to develop new approaches to cryptocurrency asset regulation. The Cryptocurrency Working Group will help define clear regulatory boundaries, appropriately distinguish securities from non-securities, develop customized disclosure frameworks, provide viable registration paths for cryptocurrency assets and market intermediaries, ensure investors have the information needed to make investment decisions, and ensure enforcement resources are deployed wisely. (Jinshi)