★SEC and CFTC say most crypto assets are not securities in new joint interpretation

"This joint interpretation, if accurately reported, significantly de-risks broad crypto asset exposure by limiting the scope of securities regulation to a narrower class of digital assets. Such clarity could unlock substantial institutional capital previously deterred by regulatory ambiguity, potentially re-shaping market structure towards commodity-like spot and derivatives trading. This framework could accelerate capital flows into non-security crypto assets, influencing portfolio allocations and product development."