The US Securities and Exchange Commission has put out staff guidance on how federal securities laws could apply to crypto token issuers. Cointelegraph reported the news on September 28, 2026. The article says the Commodity Futures Trading Commission had already issued similar guidance and that the SEC's move follows it.
The guidance came after a cloture vote on the CLARITY Act failed. The report puts the two events together. It does not say whether the failed vote directly caused the SEC to act.
This is staff guidance. It is not a new law. The source does not name the tokens or issuers involved, the details of the updates, or when they take effect. It also does not say what happens next with the CLARITY Act.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, nothing changes directly. The guidance is about how US securities law could apply to token issuers. The report does not mention perpetual futures, funding rates, trading fees or exchange liquidity, and none of those have been shown to change because of this news.
Source: cointelegraph — US SEC follows CFTC in staff guidance for crypto