Created in September 2019 by a dozen major American players in the cryptocurrency sector, including Coinbase and Kraken, the Crypto Rating Concil (CRC) is given the mission of evaluating digital assets in terms of legal qualification.
In the form of a score, the association is thus trying to determine whether a token will be classified as a security or a commodity by the SEC and CFTC regulators.
“Today, the Crypto Rating Council is pleased to announce the addition of three new members, "said CRC.
The association hosted the California cryptocurrency exchange OKCoin, the American arm of the investment platform eToro and Radar, a decentralized exchange (DEX) based in Colorado.
"OKCoin, RADAR and eToro join eight other industry leaders in CRC's continuing mission to provide a more relevant US law framework for crypto assets," added CRC.
The 3 crypto-service providers join Bittrex, Circle, Coinbase, Kraken, Anchorage, DRW Cumberland, Genesis and Grayscale.
CRC also announced that it has published scores for 5 new digital assets, notably for Comos, Dash and Ethereum Classic.
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