US SEC, CFTC push to establish framework for security token trading

The U.S. Securities and Exchange Commission (SEC) announced it is coordinating regulatory policy with the Commodity Futures Trading Commission (CFTC) on security token trading. The two agencies are collaborating to evaluate numerous proposals for new innovative products and are jointly assessing areas in their respective rulebooks that lack clarity or are incompatible. Additionally, they plan to distinguish between investment and gambling and will seek to block the provision of excessive leverage to the public.