#sec-and-cftc-jurisdiction

#sec-and-cftc-jurisdiction

A committee markup vote is scheduled for May 14, the most concrete legislative step yet toward establishing formal crypto market structure rules in the U.S. The bill draws a legal boundary between two federal agencies that have clashed over crypto oversight for years. If passed, the Securities and Exchange Commission (SEC) would govern new token sales and initial offerings, while the Commodity Futures Trading Commission (CFTC) would regulate secondary market trading, the activity that occurs on exchanges once a token has already launched.