US SEC and CFTC Issue March 17 Guidance on Crypto Staking, Mining and Token Taxonomy

On March 17, the US SEC and CFTC jointly released interpretive guidance that sets out how federal securities laws apply to crypto assets and network transactions. The document, unanimously backed by SEC Commissioners Atkins, Peirce and Uyeda together with CFTC Chairman Selig, defines a token taxonomy, distinguishes non-security crypto assets and clarifies rules for staking, mining, airdrops and token wrapping. This framework is intended to give market participants clearer legal parameters after years of uncertainty.