SEC files "token taxonomy" interpretative proposal with White House on crypto securities laws

The US Securities and Exchange Commission has submitted an interpretative proposal to the White House outlining how federal securities laws should apply to specific crypto assets and transactions. The guidance, framed as a "token taxonomy," could carry more authority than staff statements and is currently under review alongside a separate CFTC submission on prediction markets. The move comes as Congress considers a crypto market structure bill and both market regulators continue to operate with fewer than their full complement of commissioners.