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The SEC\u2019s Crypto Task Force backed Ripple\u2019s view that speculation alone should not trigger securities laws, responding to concerns over the CLARITY Act.<\/p>\n
A response posted to the US Securities and Exchange Commission\u2019s Crypto Task Force page echoed concerns raised by Ripple that speculation alone should not automatically subject cryptocurrencies to federal securities laws, as lawmakers continue debating the CLARITY Act.<\/p>\n
The response, written<\/a> by digital asset regulation attorney Teresa Goody Guillen and published Monday as public input on the SEC\u2019s website, argued that holding a \u201cpassive economic interest,\u201d such as buying a token in hopes its price rises, should not, by itself, trigger securities regulation. Guillen wrote that digital assets should instead be assessed using a broader set of factors app<\/a>lied on a sliding scale.<\/p>\n \u201cI agree with Ripple\u2019s assertion that \u201c[f]rameworks suggesting that a \u2018passive economic interest\u2019 alone could trigger securities laws mistakenly conflate speculation with investment rights […],\u201d Guillen said, citing prior academic work.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n