Document Library

A central public resource for legal and regulatory documents related to digital assets, cryptocurrencies and blockchain innovation in the United States.

Regulatory Issues

SEC Commissioner Hester Peirce’s speech, Lawless in Austin, at the Texas Blockchain Summit.

Rep. McHenry’s Letter to SEC Chair Gary Gensler requesting clarity after “a series of concerning and apparently self-contradicting public statements regarding crypto assets and other innovative technologies”.

Sen. Toomey Letter to SEC Chair Gary Gensler pressing for regulatory clarity on cryptocurrencies, and an attached list of questions.

SEC Commissioner Hester Peirce’s statement in the matter of Poloniex, LLC.

SEC Chairman Gary Gensler’s letter to Sen. Warren asking for jurisdiction of all exchanges of digital assets.

Sen. Warren Letter to Secretary Yellen on the need to mitigate the growing risks that cryptocurrencies pose to the financial system.

Sen. Warren Letter to SEC Chair Gary Gensler asking about the risks posed by cryptocurrency exchanges.

SEC Commissioners Hester Peirce and Elad Roisman statement in the matter of Coinschedule

Senate Confirmation of Gary Gensler as Chairman of the U.S. Securities & Exchange Commission

Safe Harbor Proposal (2021) from Commissioner Hester Peirce

Legislation

  • Clarity for Digital Tokens Act of 2021 (Bill number TBD)A bill to amend the Securities Act of 1933 to provide a safe harbor for transactions in certain toke, and for other purposes. Introduced October 5, 2021.
  • Eliminate Barriers to Innovation Act (H.R. 1602)A bill to direct the Commodity Futures Trading Commission and the Securities and Exchange Commission to jointly establish a digital asset working group, and for other purposes. Introduced March 9, 2021. Passed the U.S. House of Representatives on April 20, 2021.
  • Token Taxonomy Act (H.R. 1628)A bill to amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security, to direct the Securities and Exchange Commission to enact certain regulatory changes regarding digital units secured through public key cryptography, to adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes. Introduced March 8, 2021.