By differencing an investment contract transaction – aka securities offering – from the underlying assets that may be non securities, the Securities Clarity Act would pave a path to US compliance for crypto, say TuongvyLe12 KhurramDara BainCapCrypto
would help settle one of the most debated legal questions in the crypto space and make it more difficult for the U.S. Securities and Exchange Commission to argue that many existing tokens are unregistered securities.
Tuongvy Le is a partner and head of regulatory at Bain Capital Crypto. Khurram Dara is a regulatory and policy principal at Bain Capital Crypto. to confirm that the reason he believes bitcoin is not a security is because it is “sufficiently decentralized.”against Ripple Labs and two of its executives over the XRP token, the SEC has sought to distance itself from Hinman’s 2018 remarks, claiming that they were not official agency guidance.
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