More terms
Crypto Application
Software that runs on a crypto network and provides functions such as exchanging one crypto asset for another.
What traders should verify
For Crypto Application, identify the network, application, asset, holder rights, transfer mechanics, issuer or operator, and the date of the SEC source's characterization.
Do not conflate
The label Crypto Application, its technical function, or one SEC staff description does not by itself determine the legal treatment of every asset or transaction.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.