Digital Assets and SEC Regulation

In recent years, financial innovation in capital markets has fostered a new asset class — digital assets — and introduced new forms of fundraising and trading. Digital assets, which include cryptocurrencies, crypto-assets, or digital tokens, among others, are digital representations of value. Regardless of the terms used to describe these assets, depending on their characteristics, some digital assets are subject to securities laws and regulations.

Source: Digital Assets and SEC Regulation