SEC and CFTC classify crypto into five categories. Bitcoin, Ethereum, Solana, and XRP are not securities under the new framework.
CFTC and SEC advance coordinated rules for spot crypto trading, tokenized collateral, and updated oversight across U.S. markets.
The draft, released Nov. 10, protects self-custody rights but leaves DeFi provisions unresolved, according to the committee.
Key Takeaways:
The bipartisan draft gives the CFTC exclusive jurisdiction over spot digital commodity markets, the committee said.
Section 103(d) protects self-custody rights, allowing peer-to-peer transactions without mandatory intermediaries, the draft shows.
Key issues including stablecoin regulation remain…