Digital-asset market-structure principles allocate securities oversight to the U.S. Securities and Exchange Commission (SEC) and commodity oversight to the Commodity Futures Trading Commission (CFTC)

Quotes that support claims

Staff will now translate the principles into statutory language that assigns the Securities and Exchange Commission authority over asset fundraising and the secondary trading of securities tokens. At the same time, the CFTC would supervise commodity tokens and derivative products.

Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission.