The US Securities and Exchange Commission (SEC) has taken a significant step towards regulating the crypto market by issuing new guidance on how federal securities laws apply to digital assets.
According to the guidance, tokenized versions of traditional securities are clearly within the SEC's jurisdiction, while many other crypto assets may not meet the definition of a security depending on their structure and use.
The agency has also introduced a classification approach that groups assets into categories such as digital commodities, stablecoins, non-fungible tokens, and digital securities. This is aimed at separating assets based on function and economic use.