The regulatory agency’s reset is real, but the new details stop short of the full course correction the industry needs, say Gibson Dunn attorneys. On Tuesday, March 19, the SEC issued joint guidance with the CFTC to “finally” provide clarity about how the securities laws apply to digital assets. On many issues, including staking and meme coins, the SEC’s new guidance is a welcome development and a marked improvement from the Gensler days. It also rightly acknowledges that the agency’s “regulati…
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