The legal framework for token issuers in the US: Howey Test, Reg D exemptions, FIT21 market structure, SEC precedent, and AML/KYC compliance requirements.

The 1946 ruling still governs every token issued in the US. Work through the four prongs before you launch.

Accreditation verification, Form D filing, general solicitation rules, and how 506(c) differs from 506(b).

The House-passed bill that creates a commodity/security pathway for digital assets — what issuers need to know.

XRP is not a security on public exchanges. The landmark ruling and its practical implications for the industry.

FinCEN obligations, FATF Travel Rule, OFAC screening, and the compliance stack every token issuer needs.