SEC, CFTC Chiefs Signal ‘New Day’ for U.S. Onshore Crypto, Tokenization and Future‑Proof Rules

SEC Chair Paul Atkins and CFTC Chair Mike Selig announced a collaborative regulatory approach to digital assets, emphasizing onshore crypto development, tokenization, and future-proof rules. They highlighted joint efforts like the token taxonomy guidance and proposed an 'innovation exemption' to foster U.S.-based crypto projects while addressing securities vs. commodities boundaries.