The SEC will regulate cryptocurrencies as securities only when projects remain centralized, specifically if 10% or more of the token supply is held by a single entity or group. Meanwhile, the CFTC is poised to take the lead in overseeing cryptocurrencies as digital commodities and will manage regulation of spot markets.
A new crypto bill also eliminates wealth-based restrictions, granting all retail investors equal access to digital asset markets, regardless of income or net worth.
