SEC: Releases Crypto Token Taxonomy FAQ
The SEC released a new crypto token taxonomy FAQ clarifying decentralization standards including DUNA governance structures, permissioned versus permissionless systems and functional versus decentralized distinctions.
SourceAnalysis
SEC released a new crypto token taxonomy FAQ that addresses decentralization questions the Clarity Act would codify in law. The document covers Q 1.4 on decentralized governance using legal entities such as DUNAs, Q 1.5 distinguishing permissioned from permissionless systems, and Q 1.6 separating functional from decentralized systems, per miles jennings and Eleanor Terrett.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.