On October 17, 2017, the U.S. Commodity Futures Trading Commission's ("CFTC") LabCFTC released a primer on virtual currencies, available here. The primer is an "education tool" that provides an overview of the virtual currency landscape and is "not intended to describe the official policy or position of the CFTC, or to limit the CFTC's current or future positions or actions." While the document is largely unrevealing, everyone in the initial coin offering ("ICO") market should carefully review the risk factors outlined in the document to ensure that they are incorporated into their whitepapers and offering materials. Read the full report on our sister site, the FinTech Update.
This article is presented for informational purposes only and is not intended to constitute legal advice.