Anchorage Joins Leading Companies to Form Crypto Rating Council
We’re proud to announce that Anchorage has joined fellow leading crypto businesses to form the Crypto Rating Council (CRC), a member-operated entity dedicated to improving compliance with U.S. securities laws. The CRC’s founding members are Anchorage, Bittrex, Coinbase, Circle, DRW Cumberland, Genesis Trading, Grayscale, and Kraken. Like other founding members, we are deeply committed to the responsible growth and development of cryptocurrency and blockchain technologies in the U.S. and share a belief that these technologies will have a massive positive impact on the world.
The mission of the CRC is to evaluate whether any given crypto asset has characteristics that make it more (or less) likely to trigger application of federal securities laws, since the classification of a given asset significantly impacts how crypto service providers operate. Understanding whether any given crypto asset is a security requires a fact-intensive analysis, which is difficult and expensive to operationalize, and may involve judgment calls.
Operating with clarity requires shared definitions and frameworks, informed by deep technical and legal expertise, applied consistently. To this end, the CRC will rate each asset according to a clear rating system derived from SEC guidance and case law. We believe the CRC’s framework is objective and repeatable, reducing the costs of compliance for the industry. While it is expected that each member company will use the CRC ratings, member companies will make independent decisions on which assets to support based on their organizations’ respective business objectives. The CRC will publish asset ratings as a shared public reference.
While the CRC’s ratings are independent and not endorsed by the SEC or any government agency, blockchain project, or other non-member entity, we look forward to working closely with policymakers and other experts to improve our analysis and expand the CRC’s set of asset ratings.
To learn more about the CRC, visit cryptoratingcouncil.com. To learn more about Anchorage, please get in touch.
About Anchorage Digital
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
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