Spencer Feldman Publishes Article in The Corporate & Securities Law Advisor on SEC Guidance for Crypto Assets

Corporate partner Spencer Feldman authored “SEC Issues Helpful Guidance Regarding Treatment of Crypto Assets under Federal Securities Laws” for the June 2026 issue of The Corporate & Securities Law Advisor. The article examines the SEC’s five-part framework for analyzing crypto assets under the federal securities laws to distinguish digital commodities, digital collectibles, digital tools, stablecoins and other digital securities. The article also addresses when non-security crypto assets may become part of an investment contract and planned SEC safe harbors for crypto offerings. The SEC’s guidance will help facilitate corporate finance transactions involving compliant digital token offerings, he notes. The article was written with assistance from Litigation Counsel Daniel Stone.