SEC issues crypto guidance on 17 March 2026, saying most tokens aren't securities

On 17 March 2026, the U.S. Securities and Exchange Commission released new guidance on how federal securities laws apply to crypto, stating that most crypto assets are not securities. The framework introduces a five-part taxonomy and explains how securities rules may apply to activities such as staking, airdrops, mining, and wrapping depending on how tokens are offered and used.