SEC and CFTC Draw the Line: How Project Crypto Splits Crypto Oversight
- —The SEC–CFTC memorandum was signed in March 2026, with Project Crypto launched as a joint effort
- —The SEC takes "enterprise risk" assets; the CFTC gets "exposure risk" tied to decentralized networks
- —A joint interpretive release splits assets into digital commodities, network tokens, tokenized securities and collectibles
- —The SEC has frozen or dismissed roughly 89 high-profile enforcement cases
Why it matters: Fewer duplicate probes help issuers, but without legislation the classification can be reversed if agency leadership changes.
Source: Crypto Economy