governmentEvidence level AIndependent

Evidence page

Framework for 'Investment Contract' Analysis of Digital Assets (Withdrawn)

U.S. Securities and Exchange Commission

accessed Nov 10, 2026Updated Nov 10, 2026

Original source

https://www.sec.gov/about/divisions-offices/division-corporation-finance/framework-investment-contract-analysis-digital-assets

sec.gov

Verification

Verification	Independent of the subject
Evidence level	A · Government / regulator
Independent	Independent of the subject
Source	government
Link status	Reachable at last check

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Cited by (1)

FactBlockchain Mainnet Development: US SEC guidance on network development = The 2019 FinHub 'investment contract' framework considered whether a network was still being developed by an active participant. It has been withdrawn and superseded by a crypto-asset interpretation dated 17 March 2026