The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued a landmark interpretive framework, declaring that the majority of crypto assets are not securities under federal law. This move signals a decisive shift away from the SEC's previous 'regulation by enforcement' approach and establishes a formal classification system for digital tokens.
SEC Chair Paul Atkins, addressing the Practising Law Institute on March 19, clarified the agency's new direction, stating it is moving "toward a framework built on clear guidance first." The guidance, following a memorandum of understanding between the two agencies, establishes that only tokenized traditional securities remain under the SEC's purview. Digital commodities, digital tools, NFTs, and stablecoins all fall outside the definition of securities, providing long-awaited regulatory clarity for the industry.
While the overall market logged a small correction, the news was seen as bullish, lifting a persistent "regulatory fog." The announcement is expected to reduce uncertainty that has historically slowed central exchange (CEX) listings and institutional participation, making the expansion path for new projects more straightforward.
Amid this regulatory shift, attention is turning to new projects. DeepSnitch AI (DSNT), an AI analytics platform, has raised over $2.3 million in its presale, capitalizing on the favorable environment. The project, which combines five AI agents into a single dashboard for retail traders, is scheduled for a launch on Uniswap on March 31. Its token is currently priced at $0.04577 in its seventh presale stage.
Meanwhile, major cryptocurrencies showed mixed signals. Bitcoin (BTC) experienced a wave of fear after dipping to $68.9K but recovered above $70K, with sentiment turning neutral. Analysts note weakening buyer conviction, with realistic resistance levels seen at $71.6K and $72.7K, and support at $68K. Dogecoin (DOGE) closed below $0.095 and has been down for three consecutive days, with its next key support at the February 11 low of $0.0879.
The article also mentions a bearish short-term outlook for Solana (SOL), which has struggled to surpass the $95 resistance level and dropped to $89 on March 19. Some analysts warn that if bulls fail to defend the $72 support, SOL could risk dropping to $50, despite longer-term predictions targeting $500.
