Citing Crypto.News, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins outlined plans for a new framework to classify digital assets. Atkins emphasized a token taxonomy anchored in the Howey investment contract test, distinguishing between digital commodities, collectibles, tools, and tokenized securities. He noted that most cryptocurrencies do not qualify as securities, and the framework follows months of consultations and public input. The initiative aligns with broader legislative efforts in Congress and aims to clarify which tokens fall under securities law.
SEC Chair Paul Atkins Outlines New Crypto Token Classification Framework
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