SEC Sends Proposed Crypto Interpretation to White House for Review The U.S. Securities and Exchange Commission (SEC) has submitted its proposal to classify most cryptocurrency assets as non-securities under federal law to the White House’s Office of Management and Budget. According to records from the U.S. General Services Administration, the SEC sent two proposed rules to the White House on Friday, including an interpretative notice from last week that outlines which digital assets the agency would not consider securities. The proposal is currently marked as “pending review” in government records, signaling a potential shift in how the SEC regulates and enforces rules for digital assets. In its notice last week, SEC Chair Paul Atkins stated that the agency would not treat four categories of digital assets as securities: digital commodities, digital tools, digital collectibles (including non-fungible tokens), and stablecoins. The interpretation aims to establish a “coherent token taxonomy” for these assets and clarify whether non-security crypto assets could still qualify as investment contracts. If finalized, the rule would serve as a temporary framework for crypto regulation until Congress passes a comprehensive market structure bill to address digital assets. This interpretation follows the SEC’s signing of a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the other federal regulator expected to oversee digital assets under the proposed legislation. The White House reportedly reached “agreement in principle” on a crypto-related bill, according to Politico.#white_house #sec #commodity_futures_trading_commission #office_of_management_and_budget #clarity_act
