Mike Selig says he has worked with SEC Chair Atkins in his first 100 days to develop a clearer crypto asset taxonomy, including distinctions over which assets are securities.
CFTC Chairman Mike Selig said "America is now the crypto capital of the world" and stated that, in his first 100 days, he has worked with SEC Chair Atkins on a clearer framework for classifying crypto assets. According to Selig, that effort aims to define which digital assets fall under securities rules and which do not. The classification issue is central to U.S. crypto regulation because it affects which regulator oversees an asset and what compliance requirements apply.