The SEC defined crypto assets, blockchain, and smart contracts during the trial of SEC v Terraform.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 7 of 38. HackerNoon’s Legal PDF Series here BACKGROUND ON CRYPTO ASSETS 26.
A blockchain "protocol" is a code, software, or algorithm that governs how a blockchain, or a feature of a blockchain, operates. 30. On July 25, 2017, the SEC issued the Report of Investigation Pursuant to Section 21 of the Securities Exchange Act of 1934: The DAO, advising "those who would use... distributed ledger or blockchain-enabled means for capital raising to take appropriate steps to ensure compliance with the U.S.
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