Lewis Cohen Contributes to “Proposed Information Guidelines for Certain Tokens Made Available in the United States”
Date: 10/23/24
CahillNXT co-chair and partner Lewis Cohen contributed to “Proposed Information Guidelines for Certain Tokens Made Available in the United States” in collaboration with The Global Digital Asset and Cryptocurrency Association (Global DCA), Global Blockchain Business Council (BGGC), and The Digital Chamber and the Proof of Stake Alliance.
The comprehensive, voluntary framework is designed to enhance transparency and enable informed decision-making in the rapidly evolving digital asset market. Lewis is one of the prominent attorneys that partnered with distinguished law and finance scholars leading in the fields of blockchain, digital assets, and Web3, to develop and propos the guidelines as members of an impartial Senior Steering Committee.
The proposed guidelines focus on native distributed ledger technology (DLT) tokens and are informed by U.S. securities, commodities, and consumer protection regulations as well as industry best practice. The framework seeks to align with global standards, including the European Union's Markets in Crypto-Assets Regulation (MiCA), ensuring flexibility for the adoption within different regulatory regimes. The guidelines do not impose mandatory disclosures, but, instead, provide a fit-for-purpose, comprehensive model that stakeholders may voluntarily adopt.
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