SEC and CFTC Submit Crypto and Prediction Market Regulations to White House

The U.S. Securities and Exchange Commission (SEC) has provided detailed guidance to the White House on the application of federal securities laws to certain crypto assets. According to NS3.AI, this guidance is anticipated to include a token classification system to clarify regulatory jurisdiction within the cryptocurrency industry. In parallel, the Commodity Futures Trading Commission (CFTC) has submitted proposed regulations concerning prediction markets to the White House.