SEC and CFTC jurisdiction lines stay critical for exchanges and token issuers

U.S. crypto policy remains focused on how the SEC and CFTC divide oversight of tokens, exchanges and market structure.

Clearer jurisdiction could reduce compliance risk for trading venues and issuers, but overlapping interpretations still create cost and uncertainty.

That is why regulatory clarity now trades like a market catalyst: it affects listings, custody, institutional participation and valuation multiples.