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The newly adopted FIT21 clarifies the boundaries of the regulatory roles of the CFTC and SEC, among others. ⚫ CFTC— Regulates digital assets if the relevant blockchain or digital ledger is both functional and decentralized. ⚫ SEC — Regulates assets and securities if the blockchain has a functional but decentralized structure. #sec #BTC $BTC

The newly adopted FIT21 clarifies the boundaries of the regulatory roles of the CFTC and SEC, among others.

⚫ CFTC— Regulates digital assets if the relevant blockchain or digital ledger is both functional and decentralized.

⚫ SEC — Regulates assets and securities if the blockchain has a functional but decentralized structure.

#sec #BTC $BTC

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