At the end of September, a number of established crypto firms (including Kraken, Bittrex and Coinbase) that are currently operating in the United States came together to establish a new governance body called the Crypto Rating Council (CRC) so as to jointly provide more clarity on the definition of various cryptocurrencies — that is, establish which digital assets can be classified as securities and those that can not.
This development comes as an effort to provide investors (as well as casual enthusiasts) with a clear outlook on which tokens they can trade freely without supervision by various regulatory authorities. Some of the other big-name entities that have signed up to become members of the CRC include: