ANALYSIS: For Crypto Tokens, More Certainty—and More Disclosure

Blockchain and cryptocurrency industry participants often complain that the US lacks “regulatory certainty"; some companies cite it as a reason to move their business headquarters elsewhere. A key component of certainty is coming to digital assets, but not by Congress or the federal regulators. Yet.

There’s been noticeable activity surrounding global token disclosure standards this year. Although most of the action was abroad, the similarities between California’s and New York’s efforts are harbingers that other state and federal efforts next year will follow the same pattern.

Flurry of Activity

The past few months have seen new crypto token regulations handed ...