SEC Advances Major Crypto Securities Plan to White House for Approval
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The US SEC has sent the White House an interpretive guidance on the application of the federal securities laws to crypto. The new proposal also included plans for the regulation of prediction markets. SEC Outlines Plan to Apply Securities Rules to Crypto Regulators are taking further steps in regulating the crypto space and the growing prediction markets, and the measures are expected to have implications for the overall financial markets. After months of public statements by regulators and political maneuvering in Congress, the Securities and Exchange Commission, which regulates the US Stock Market, and the Commodity Futures Trading Commission, which regulates derivatives trading, have now submitted their plans to the White House. This comes after SEC chair Paul Atkins’ announcement of the commission’s roadmap for crypto securities. He also stated that the regulator is going to consider interpretive guidance for a token taxonomy for crypto assets. This would be in line with market structure legislation to ensure that innovators and investors understand their obligations. In theory, token taxonomy could lead to the development of formal categories of different types of crypto assets. This could, for example, determine whether a particular token is under the jurisdiction of the SEC or the CFTC. This could be key to how crypto firms disclose and operate. The crypto securities proposal does not require a vote by the SEC. It is also perceived to be more likely to be enforceable than staff-level statements. Prediction Market Regulation Included in White House Plan In another vein, the White House has been considering a bill on prediction markets by the CFTC. This comes after CFTC Chairman Michael Selig said that the agency intends to proceed with an advanced notice of proposed rulemaking on prediction markets in the near future. “We’re going to be setting very clear standards as…
Filed under: News - @ March 5, 2026 5:27 am