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Deep Tide TechFlow News, March 05, According to Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has submitted an explanatory document to the Office of Information and Regulatory Affairs (OIRA) detailing how federal securities laws apply to specific crypto assets and related transactions. This move is seen as significant for the market and is independent of the SEC's ongoing review of proposed rules for crypto asset issuance. An SEC spokesperson stated that the commission will develop interpretive guidance regarding the classification of crypto asset tokens to clarify regulatory obligations for investors and innovators. Once the guidance document completes inter-agency review, it will be put to a vote by three commissioners.