SEC Submits Proposal on Interpreting Crypto under Securities Laws

The U.S. Securities and Exchange Commission (SEC) submitted a regulatory proposal to the White House’s Office of Information and Regulatory Affairs concerning the application of federal securities laws to certain crypto assets and transactions. This move reportedly establishes interpretative guidance around "token taxonomy" to determine which tokens fall under the SEC's purview as securities. Unlike formal rulemaking, this interpretative application is expected to carry more weight than previous staff-level statements. This follows earlier comments from SEC officials, including Chair Paul Atkins and Commissioner Hester Peirce, about clarifying how tokenized securities fit existing laws. Meanwhile, the CFTC also sent its own guidance on prediction markets to the White House, asserting its jurisdiction over such markets. Both agencies currently lack full commissioner appointments, with the SEC and CFTC being led by Republican members only, pending potential nominations from President Donald Trump.

(Source：Cointelegraph)