The SEC’s crypto classification proposal is under White House review, marking a key step in defining how digital assets are treated under US securities law.
The US Securities and Exchange Commission has sent interpretative guidance outlining how certain crypto assets may not be treated as securities to the White House’s Office of Management and Budget for review.
According to information available through the US General Services Administration, on Friday the SEC sent two proposed rules to the White House for review, including its interpretative notice from last week regarding which digital assets the agency could consider a security under federal law.
As of Monday, government records showed the proposal as “pending review” by the White House, potentially changing how the SEC handles regulation and enforcement of digital assets.
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