US SEC submits crypto securities guidance to White House

U.S. regulators are accelerating efforts to refine their oversight of cryptocurrencies and prediction markets. According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has submitted commission-level guidance to the White House on how to apply federal securities laws to certain crypto assets. The guidance is reported to potentially include a token classification system aimed at clarifying regulatory jurisdiction. The U.S. Commodity Futures Trading Commission (CFTC) has also reportedly submitted regulatory measures for prediction markets for White House review.