CRC evaluates different cryptocurrencies on different aspects, including whether they should be classified as securities or not. The council was formed in September 2019, and it is backed by major crypto firms based in the United States, including Coinbase and Kraken.

The CRC rates coins on a scale of 1 to 5. A lower score “1” indicates fewer characteristics of a cryptocurrency that match with traditional security. While “5” show that asset should be classified as a security.

On April 2, IOTA, USDC, and BAT were added to CPC Rating. USDC stablecoin and BAT should be classified as utilities. IOTA is unlikely to be perceived as security.

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