#CryptoClarityAct A central feature of the Act is the explicit split in regulatory responsibility between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The SEC oversees tokens treated as securities—mainly those involved in fundraising—while the CFTC is responsible for digital commodities such as Bitcoin and certain decentralized tokens. This dual-track approach brings consistency to federal oversight and offers firms a better understanding of their compliance obligations.