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Home/Markets & Investing/SEC ENFORCEMENT ACTION · CRYPTO MONEY LAUNDERING ENFORCEMENT

US Crypto Framework Ties SEC and CFTC Jurisdiction to Token Classification

HM

Hugo Manning

SEC enforcement action · Apr 15, 2026

US Crypto Framework Ties SEC and CFTC Jurisdiction to Token Classification

Source: DojiDoji Data Terminal

Digital assets that meet the securities definition under the Howey test will remain subject to traditional SEC regulation. Hybrid security-commodity digital assets will instead fall under the jurisdiction of the Commodities Futures Trading Commission. This regulatory split is the core of a comprehensive crypto framework based on the Clarity Act, which was unveiled by US senators in mid-January 2026.

Related Brief6h ago
cryptocurrency

White House Signals Finality on CLARITY Act Crypto Regulation

The Senate floor is expected to hold a vote on the CLARITY Act by late May. This follows the expected release of an updated stablecoin yield compromise draft by Senator Thom Tillis this week. The White House crypto adviser, Patrick Witt, stated that negotiations have cleared most remaining obstacles, including the DeFi rules and ethics provisions that had previously been viewed as intractable. The stablecoin yield dispute, which dominated headlines for three months, is largely settled under the Tillis-Alsobrooks framework. The bill cleared the House in July 2025 by a 294 to 134 vote and the Senate Agriculture Committee in January 2026. The Banking Committee must now set a markup date. Following the committee vote, the Banking and Agriculture Committee versions must be reconciled, and the combined Senate text must be reconciled with the House version before a presidential signature. The CLARITY Act becomes law after reconciliation and presidential signature.

The framework follows the House of Representatives' adoption of the Clarity Act last summer. The SEC and CFTC issued a joint interpretive release on March 17, 2026, that aligns with the Clarity Act's positioning of crypto assets.

Related Brief4h ago
cryptocurrency regulation

The U.S. Crypto Framework Is Taking Shape—But Not Through Law

U.S. crypto firms must operate under SEC and CFTC interpretive guidance without the legal certainty of enacted legislation or final rules. In March 2026, the SEC issued an interpretive release aligning crypto assets with the proposed Clarity Act framework. The release classified digital commodities, collectibles, and tools as non-securities, while tokenized securities remain subject to SEC regulation. The SEC and CFTC jointly recognized that some digital assets can evolve from securities to commodities over time. The interpretive release filled regulatory gaps ahead of expected passage of the Clarity Act. The Clarity Act, which would assign jurisdiction over hybrid crypto assets to the CFTC, remains stalled in the Senate Banking Committee. The bill's delay centers on whether stablecoin issuers can offer interest payments, a provision seen as potentially diverting funds from traditional bank savings accounts. No formal crypto regulatory framework exists in the U.S. as of March 2026, only anticipated alignment through agency guidance.

This release fills regulatory gaps and anticipates the legislation becoming law. It specifically addresses assets with components that are not securities and establishes that these assets can evolve over time to become solely digital commodities not subject to SEC regulation.

Related Brief1d ago
cryptocurrency

XRP Whale Transfer to Coinbase Signals Potential Sell-Off

A major holder of XRP may be preparing to sell $119 million in tokens. The movement of 89,828,700 XRP to a Coinbase-linked address suggests a potential sell-off or position rebalancing. This occurs because assets moved to a centralized exchange are more liquid and readily tradable than those held in personal wallets. The transfer began from wallet address rMWqYat3nJXSLoyqB5tUsfYp6KLgoMHXTN and passed through an intermediate wallet, rwnYLUsoBQX3ECa1A5bSKLdbPoHKLnqf63J, before reaching the final Coinbase-associated address, rRmgo6NW1W7GHjC5qEpcpQnq8NE74ZS1P. The movement of 89,828,700 XRP worth $119 million to Coinbase may signal that a major holder is preparing to sell.

SEC enforcement actioncrypto money laundering enforcementSEC retail investor ruleRipple XRP SECpayment for order flow SECinsider trading SEC chargeSEC crypto enforcementSEC ESG enforcementcrypto IRS ruling

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