SECLicensingJune 24, 2026

SEC & CFTC Seek Comment on Clearer Rules for Innovative Swap Products

This is the SEC-side publication of the joint CFTC/SEC request for comment on clarifying the definitions of 'swap' and 'security-based swap' for novel financial products, including alternative compliance approaches. Digital asset products that straddle the SEC/CFTC boundary — such as crypto perpetuals or tokenized derivatives — are directly implicated. Clearer lines could significantly affect how crypto firms register and comply.

What to do

Identify any products in your lineup that may qualify as swaps or security-based swaps and engage outside counsel to draft or support a comment letter addressing definitional clarity for digital assets.

Who this affects

Crypto ExchangeBroker-Dealer / RIADeFi / Web3Other

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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