By Michael Krimminger, Pamela Marcogliese, Colin Lloyd, Alexis Collins and Adam Motiwala ( November 21, 2018, 2:36 PM EST) -- On Nov. 16, 2018, the U.S. Securities and Exchange Commission's Division of Corporation Finance, Division of Investment Management and Division of Trading and Markets issued a joint public statement on "Digital Asset Securities Issuance and Trading." The public statement is the latest in the divisions' — and the commission's — steady efforts to publicly outline and develop its analysis on the application of the federal securities laws to initial coin offerings and certain digital tokens. These efforts have combined a series of enforcement proceedings with public statements by Chairman Jay Clayton and staff, including a more detailed statement of the SEC's analytical approach in Corporation Finance Director William Hinman's speech on digital assets in June 2018....
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