As reported by Coincu, SEC Chairman Paul Atkins announced a new regulatory framework, 'Token Taxonomy,' at the Philadelphia Fed Fintech Conference. The framework aims to redefine when crypto assets are considered securities, using the 1946 Howey Test. It could allow certain tokens to trade on regulated platforms, affecting governance, utility, and tokenized securities. The SEC's 'Project Crypto' aligns with this initiative, considering exemptions for specific crypto assets. Market reactions remain cautious as the sector awaits detailed technical criteria from the SEC and CFTC.
SEC Announces Token Taxonomy Framework at Philadelphia Fed Fintech Conference
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