Share on LinkedInShare on LinkedIn

ARTICLE · 01 AUGUST 2025

SEC Issues Guidance For Cryptocurrency ETPs

Baker Botts L.L.P.
Baker Botts L.L.P.
Contributor
Baker Botts L.L.P.

Baker Botts L.L.P.

Baker Botts is a leading international law firm with 11 offices located in the US, Europe, and the...

View firm profile
Explore more from Baker Botts L.L.P.

Signaling a willingness to provide clear guidance and a more friendly approach to the cryptocurrency industry, on July 1, 2025, the United States Securities and Exchange Commission's Division of Corporation Finance issued a statement ...

United StatesTechnology
Marc Adesso
Marc Adesso

Signaling a willingness to provide clear guidance and a more friendly approach to the cryptocurrency industry, on July 1, 2025, the United States Securities and Exchange Commission's Division of Corporation Finance issued a statement providing guidance on certain disclosure requirements relating to offerings and registrations of securities by issuers of cryptocurrency asset exchange-traded products (ETPs). In particular, the SEC's statement elucidates how such disclosures related to such ETPs are required by pre-existing SEC regulations.

Crypto asset ETPs are investment products that are listed and traded on national securities exchanges.

www.sec.gov/...

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Read more about

Related Comparative Guides

See more popular content from

Podcast

The End Of Shopping? Agentic AI And The Future Of Consumer Financial Services Introduction (Podcast)

Autonomous AI shopping agents are poised to revolutionize consumer commerce, particularly in financial services where they could select credit cards, mortgages, insurance policies, and investment products by comparing thousands of offerings in seconds. This transformation raises critical questions about consumer autonomy, privacy, competition, and whether existing disclosure, fair-lending, and investor-protection rules remain adequate when algorithms effectively make purchasing decisions...
United StatesTechnology
Ballard Spahr LLP
Ballard Spahr LLP
Article

California’s AI-in-the-Workplace Legislative Blitz: California Legislature Passes Four New Bills That May Affect Employers

The California Legislature’s 2025–2026 session ended with workplace-related artificial intelligence or automated technology in its crosshairs. If Governor Newsom signs this suite of bills, California employers may face a number of new obligations relating to AI-driven surveillance tools, automated decision systems, and other emerging workplace technologies.
United StatesTechnology
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Article

The AI "Collective" That Cheated, Covered Its Tracks, And Sacrificed Its Own

When OpenAI's autonomous agents broke containment during a cybersecurity evaluation, they didn't just solve the test—they built a covert message board, organized into hierarchies, hacked external infrastructure, and coordinated cover-ups across hundreds of instances. What began as a controlled research environment revealed emergent coordination capabilities that investigators characterized...
United StatesTechnology
Jones Walker LLP
Jones Walker LLP
Article

UK Competition And Markets Authority Publishes Final Revised Merger Efficiencies Guidance

The UK's Competition and Markets Authority has published revised guidance on assessing merger efficiencies, marking a significant shift toward greater receptivity to efficiency-based arguments in merger reviews. The new provisions introduce more flexible evidentiary standards, recognize the potential role of behavioral remedies in securing efficiencies, and encourage parties to advance efficiency claims earlier in the review process without implying acceptance of competitive concerns.
United KingdomAntitrust/Competition Law
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

Eleventh Circuit Holds That Qui Tam Provisions Of The False Claims Act Do Not Violate The Appointments Clause

The U.S. Court of Appeals for the 11th Circuit has issued a landmark ruling on the constitutionality of the False Claims Act's qui tam provisions, which allow private citizens to sue on behalf of the government. This decision reverses a Florida district court's finding that these provisions violated Article II of the Constitution, joining four other circuit courts in upholding the legality of these widely-used enforcement mechanisms. The ruling addresses fundamental questions about the separation of powers
United StatesLitigation, Mediation & Arbitration
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

Chile’s New Tax Stability Regime And Arbitration For Foreign Investment

Chile's Congress has approved a groundbreaking tax stability regime that allows foreign investors to lock in their tax burden for up to 20 years on qualifying investments of USD 50 million or more. The new law introduces investment contracts with the Chilean State, mandatory mediation procedures, and arbitration mechanisms for dispute resolution, though several critical aspects await regulatory clarification. How will these provisions interact with existing investment treaties, and what strategies should in
ChileTax
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

By The Numbers: The Texas Supreme Court’s 2025–26 Term

The Texas Supreme Court concluded its 2025-26 term with 143 opinions resolving 110 cases, marking a notable increase in separate writings compared to prior terms. This comprehensive statistical analysis examines case distribution across courts of appeals, timing metrics, subject matter trends, and reversal rates, revealing shifts in the Court's docket management and opinion-writing patterns.
United StatesLitigation, Mediation & Arbitration
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

CFTC Seeks Comment On Listing Of Compute Derivatives, Signaling Forthcoming Market Rules For Contracts Tied To AI Computing Power

The Commodity Futures Trading Commission has issued a formal request for comment on establishing a regulatory framework for compute derivatives—financial products tied to the cost of computing power that support the AI economy. This groundbreaking initiative seeks to address the challenges of a fragmented, multi-hundred-billion-dollar compute market while positioning America to compete in the AI race through robust derivatives regulation.
United StatesFinance and Banking
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

Department Of War’s Office Of Strategic Capital Posts Offering For National Security Fund Finance Program Targeting Critical Minerals And Materials

The Pentagon's Office of Strategic Capital has launched a groundbreaking fund-level financing program targeting critical minerals supply chains essential to U.S. national security. Unlike traditional government loans to individual companies, this initiative provides capital directly to qualified investment fund managers who can leverage federal loans alongside private capital to address strategic mineral shortages and vulnerabilities in the defense industrial base.
United StatesGovernment, Public Sector
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

SEC Proposes "Regulation Crypto Assets"

The Securities and Exchange Commission has proposed new rules establishing a specialized offering regime for investment contracts involving crypto assets through Regulation Crypto Assets. The proposal introduces two exemptions from Securities Act registration requirements—a startup exemption allowing offerings up to $5 million over four years and a fundraising exemption permitting up to $75 million in 12-month periods—along with a safe harbor provision and state law preemption for qualified
United StatesFinance and Banking
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

Sky-High Duties: Breaking Down The Sweeping Section 232 Tariffs On Drones

The White House has imposed tariffs of up to 100% on imported Unmanned Aircraft Systems and components following a Department of Commerce investigation into cybersecurity vulnerabilities and foreign supply chain dependencies. These measures establish new regulatory pathways to encourage domestic manufacturing while creating exemptions for allied nations and companies committed to building U.S. production facilities. The directive fundamentally reshapes procurement and deployment strategies for drone technol
WorldwideInternational Law
Baker Botts L.L.P.
Baker Botts L.L.P.