The US Securities and Exchange Commission has taken a step towards making crypto regulations clearer by sending a new proposal related to the classification of digital assets to the White House for review.
The proposal says that some digital assets like commodities and cryptos such as NFTs and stablecoins and certain utility tokens may not be treated as securities under the law of the country.
If the people in charge pass this proposal, it will make things easier for people who invest in crypto.
This is a change in how the United States Securities and Exchange Commission is going to handle crypto regulations.
The SEC is working with the Commodity Futures Trading Commission to make rules for crypto until Congress makes a law about it.
This is news for the crypto industry because when the rules are clear, it helps new ideas happen, and more big investors will want to put their money into crypto.
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