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xrpl.regulation.sec_cftc_framework

SEC vs CFTC jurisdictional test as described in bill text

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What this claim says

label
SEC vs CFTC jurisdictional test as described in bill text
page
/regulation
claim id (yaml)
regulation_sec_cftc_framework
behavior
MANUAL_CURATION
Layer 3 source
bill-text-hr-3633

Risk note

Description of the digital-commodity test. The 270-day figure cited is the SEC-only rulemaking deadline for immature blockchains per CRS report IN12583; NOT a unified joint SEC-CFTC timeline. If the bill is amended, the test description must move with it or be marked "as of [previous draft date]" until re-verified. Section number for "digital commodity" definition remains footnoted (not asserted) pending bill-text confirmation.

Evidence — code paths that back this claim

Verify

Sovereignty classification derives from the claim's Layer 3 source per /methodology. Last verified 2026-08-05. This surface is documented in docs/PAID_MACHINE_TIER_DESIGN.md § 3.1.