Hilary Sunghee Seo

F.

In the words of SEC Chairman Paul S. Atkins, “[a]fter more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the Commission treats crypto assets under federal securities laws. This is what regulatory agencies are supposed to do: draw clear lines in clear terms. It also acknowledges what the former administration refused to recognize – that most crypto assets are not themselves securities.

In his first week in office, President Trump signed an executive order designed to strengthen U.S. leadership in digital financial technology. In doing so, he ushered in the most crypto-friendly administration in history. In our latest Trump session – a series of regular briefings exploring the impact of U.S. policy shifts on global business - our U.S. crypto partners examine the latest developments and what they mean for the market.