According to reports, the U.S. Securities and Exchange Commission (SEC) is developing a "Token Classification" framework aimed at categorizing crypto assets under existing securities laws, thereby clarifying regulatory boundaries for exchanges, issuers, and investors. Even though the stagnation of the CLARITY Act highlights Congressional gridlock, this guideline may move forward independently. Meanwhile, the U.S. Commodity Futures Trading Commission (CFTC) is also working on rules for crypto derivatives and prediction markets. These regulatory initiatives are expected to establish an effective regulatory system for key areas of the U.S. crypto industry, ending years of operation in regulatory gray areas.