How and when can a cryptocurrency or token offering transform from a security into a commodity or something else that is not subject to the securities laws? In his Blockchain Law column, Robert Schwinger discusses one approach that some issuers have tried in order to avoid or minimize having to face securities law requirements: “simple agreements for future tokens” or SAFTs.

Robert A. Schwinger explores recent developments in this edition of his New York Law Journal Blockchain Law column.

Read the entire column, A "Telegram" to SAFTs: "Beware!".



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