The U.S. Securities and Exchange Commission has taken another step toward clarifying how existing securities laws apply to crypto
On March 3, the agency submitted an interpretive framework to the White House that outlines how certain crypto assets and related transactions could fall under federal securities rules.
The proposal is now under interagency review at the Office of Information and Regulatory Affairs. Reports suggest the guidance may introduce a token taxonomy, a system for classifying digital assets and determining which ones qualify as securities. That distinction would shape how crypto firms register with regulators, what disclosures they must provide, and how they interact with investors.
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Unlike staff guidance, this type of commission level interpretation carries stronger legal weight and does not require a formal vote.
The move reflects Chair Paul Atkins’ push to advance digital asset oversight, even as broader crypto legislation remains stalled in Congress.
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