The U.S. Securities and Exchange Commission, or SEC, has delivered a report to Congress containing recommendations from small businesses seeking regulatory clarification on the role of digital assets.
In a Sept. 27 announcement, the SEC’s Office of the Advocate for Small Business Capital Formation reported on recommendations from the commission’s 40th Annual Small Business Forum held in May. Participants at the forum — including all 5 SEC Commissioners, 14 members of SEC staff, 12 small business advocates, 11 guest speakers, and 610 other participants from the U.S. public — recommended that the U.S. Congress “clarify the status of digital assets to make clear when it is a security.”
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