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The newly passed FIT21 clarifies the boundaries for regulatory roles of the CFTC and SEC among others. ⚫ CFTC — Regulates digital assets if the associated blockchain or digital ledger is both functional and decentralized. ⚫ SEC — Regulates assets and securities if the blockchain is functional but not decentralized.

The newly passed FIT21 clarifies the boundaries for regulatory roles of the CFTC and SEC among others.

⚫ CFTC — Regulates digital assets if the associated blockchain or digital ledger is both functional and decentralized.

⚫ SEC — Regulates assets and securities if the blockchain is functional but not decentralized.

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