Apr 28
US Regulators Lift Veil On Digital Assets
SEC and CFTC crypto guidance clarifies asset classifications but stops short of comprehensive regulatory certainty.
➤ US regulators (SEC and CFTC) have issued joint guidance classifying digital assets, distinguishing between securities and commodities. ➤ Most major cryptocurrencies like Bitcoin and Ethereum are now classified as digital commodities, falling under CFTC oversight, which is expected to boost derivatives markets. ➤ While the guidance removes a 'grey area' and aims to foster industry growth, it stops short of a comprehensive rulebook, leaving some uncertainty.