The Securities and Exchange Commission has proposed an interpretive framework for applying federal securities laws to digital assets that would carry more weight than staff-level guidance.
The US Securities and Exchange Commission (SEC) submitted a regulatory proposal to the White House that could change how the government enforces federal securities laws on cryptocurrencies.
In a Tuesday submission to the White House’s Office of Information and Regulatory Affairs, the SEC sent a “commission interpretation on application of the federal securities laws to certain types of crypto assets and certain transactions involving crypto assets.”
The move reportedly marked interpretative guidance around “token taxonomy” for cryptocurrencies, determining which tokens may be considered securities under the SEC’s purview.
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