SEC SUBMITS CRYPTO SECURITIES FRAMEWORK TO WHITE HOUSE

Summary from the TLDR Crypto newsletter

The SEC submitted commission-level interpretive guidance to the White House outlining how federal securities laws apply to crypto assets, currently undergoing interagency review at OIRA. The guidance likely focuses on establishing a "token taxonomy" to categorize which crypto assets qualify as securities, affecting how firms register, disclose, and operate. Unlike staff-level statements, commission-level guidance is considered more enforceable and does not require a commission vote. Separately, the CFTC submitted a prediction markets measure to OIRA, with Chairman Selig announcing plans for an advanced notice of proposed rulemaking to set clear standards for event contract markets amid state-federal jurisdictional disputes.