The financial regulator’s plan to reinterpret how federal securities laws apply to crypto assets is ”pending review” by the White House’s Office of Management and Budget.
The US Securities and Exchange Commission (SEC) has forwarded its proposal to have most crypto assets not treated as securities under federal law to the White House’s Office of Management and Budget.
According to information available through the US General Services Administration, on Friday the SEC sent two proposed rules to the White House for review, including its interpretative notice from last week regarding which digital assets the agency could consider a security under federal law.
As of Monday, government records showed the proposal as “pending review” by the White House, potentially changing how the SEC handles regulation and enforcement of digital assets.
