SEC-CFTC Crypto Map Advances as Clarity Act Stalls

The SEC issued joint guidance with the CFTC last week, classifying digital assets into five categories: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities, signaling that the agency will build its own crypto regulatory framework rather than wait indefinitely for the Senate’s stalled CLARITY Act. The move gives exchanges, token issuers and traders…