SEC Submits Digital Asset Securities Framework to OIRA for Review

The U.S. Securities and Exchange Commission has submitted a regulatory proposal on how federal securities laws apply to digital assets to the Office of Information and Regulatory Affairs for review, according to Nate Geraci. The measure relies on the SEC's existing legal authority and includes consideration of a token classification system. The initiative proceeds without the Crypto Clarity Act and aims to clarify digital asset regulation in the United States.