Forbes: The joint crypto asset interpretive guidance document issued by the US SEC and CFTC is expected to take effect next week.

Odaily reported that the joint interpretive guidance document on crypto assets issued by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) was submitted to the Federal Register on March 20. It is expected to take effect immediately after its official release next Monday, March 23, providing directly actionable regulatory guidance for market participants. This document carries committee-level authority and will replace the "Digital Asset 'Investment Contract' Analysis Framework" released in 2019, guiding enforcement and regulatory work for both agencies. The interpretive guidance is built upon Project Crypto, which launched in 2025, and is seen as a "regulatory bridge for crypto assets." It also offers entrepreneurs and investors immediate compliance clarity before bipartisan market structure legislation advances in Congress. Its interpretive power and practical impact will guide industry behavior, judicial analysis, and enforcement policy, providing the market with a more stable compliance basis than previous staff-level guidance. (Forbes)