White House crypto rules bring SEC-CFTC clarity for US crypto firms: Lawyer
Carving out clear jurisdictions between the SEC and CFTC may ease investor concerns over ambiguous securities laws, as the most pressing regulatory hurdle for mainstream adoption.
The White House’s long-awaited report on cryptocurrency policy recommendations that could bring an end to years of regulatory uncertainty for digital asset firms, many of which have struggled with unclear guidance around securities laws.
US President Donald Trump’s Working Group on Digital Assets released its crypto policy report last Wednesday, which outlines recommendations on market structure, banking regulations and methods to bolster the US dollar’s dominance through stablecoins and crypto tax laws.
One of the report’s key proposals is a clearer division of responsibilities between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC would gain authority over spot crypto markets, addressing longstanding concerns about overlapping or conflicting enforcement.
