SEC discusses onchain evidence for token listings with Clique

  • SEC Crypto Task Force met Clique and C Guidry Law to discuss token-listing due diligence.
  • September 1 meeting examined ownership concentration, wallet relationships, distribution patterns and participant activity.
  • SEC memorandum records discussion only and establishes no new listing standard.

The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force met with Clique and C Guidry Law, PLLC on September 1 to discuss token due diligence (pre-listing asset review) and how trading platforms assess digital assets. Clique Founder and CEO Charles-Nicolas Gaubert-Amy participated, and Clique presented a framework for using onchain data (public blockchain activity) alongside issuer disclosures and other legal, compliance, technical, commercial and tokenomic reviews. The framework examines ownership concentration, wallet relationships, distribution patterns and participant activity, while recognizing that address attribution is uncertain and findings should be assessed using confidence levels and false-positive considerations. The SEC memorandum does not show that the agency adopted or endorsed the approach, and the meeting introduced no new token-listing requirements. C Guidry Law did not respond to a request for comment by publication. The discussion followed SEC Crypto Task Force meetings with WisdomTree on tokenized funds, Offchain Labs on sequencers, institutional adoption and Layer 2 infrastructure, and Hyperliquid on regulatory issues involving its platform and ecosystem.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.