#美SEC加密圆桌会议

1. Definition of the Securities Attributes of Cryptocurrency

Application of the Howey Test: Discussion on how to determine whether cryptocurrency falls under the category of 'securities' (such as XRP, ETH, etc.), and the resulting registration and disclosure obligations.

Token Issuance (ICO/IEO/STO) Compliance**: Clarifying the regulatory boundaries of different financing models to avoid the issuance of unregistered securities.