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ARTICLE · 25 MARCH 2026

SEC And CFTC Issue Landmark Joint Interpretation On Crypto Asset Classification

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On March 17, 2026, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a landmark interpretation regarding the application of the federal securities laws to certain types of crypto assets and transactions involving crypto assets.

United StatesTechnology
Kayvan B. Sadeghi
Kayvan B. Sadeghi
Charles D. Riely
Charles D. Riely
Navjit Sekhon
Navjit Sekhon

On March 17, 2026, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly issued a landmark interpretation regarding the application of the federal securities laws to certain types of crypto assets and transactions involving crypto assets.

The Interpretation builds on the joint SEC-CFTC Project Crypto initiative and the Memorandum of Understanding announced earlier this week and reflects the agencies’ close coordination and the administration’s stated commitment to using existing regulatory authority to provide the “fulsome regulatory clarity that best keeps blockchain-based innovation within the United States.”

Key Features of the Interpretation:

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