On March 18, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly released a 68-page new regulatory guidance on Tuesday, clearly stating that most digital assets do not fall under securities, aiming to provide a clearer regulatory framework for the market.

SEC Chairman Paul Atkins said at the Washington DC Blockchain Summit: "We are no longer the 'securities and everything commission.'" He pointed out that this interpretive guidance will help market participants more clearly understand how federal securities laws apply to crypto assets.

The new guidance proposes a classification system for crypto assets, including stablecoins, digital commodities, and "digital tools" categories, and points out that these assets are typically not considered securities. Meanwhile, the document also clarifies under what circumstances non-securities crypto assets may be deemed as securities, and explains the applicability of mining, protocol staking (staking), and airdrop activities under securities law. #比特币站上7.5万美元