CFTC Aligns With SEC Interpretation on U.S. Federal Treatment of Crypto Assets

On March 17 in Washington, the U.S. Commodity Futures Trading Commission announced it has joined an interpretation issued by the Securities and Exchange Commission on the treatment of crypto assets under federal securities laws. The agencies outlined how certain non-security crypto assets may be classified as commodities and provided guidance on areas such as airdrops, protocol mining, staking, and wrapped assets. The interpretation will appear on CFTC.gov and in the Federal Register and is intended to give market participants clearer regulatory expectations.