As reported by The Crypto Basic, SEC Chair Paul Atkins stated on Tuesday that most initial coin offerings (ICOs) should not be classified as securities. Speaking at the Blockchain Association’s policy summit, Atkins explained that many ICOs do not meet the legal criteria for securities, placing them outside the SEC’s jurisdiction. He outlined a new token taxonomy that categorizes digital assets into four types, with only tokenized securities falling under existing SEC rules. The remaining categories, including network tokens and digital collectibles, would be subject to CFTC oversight. This marks a shift from the SEC’s aggressive enforcement during the 2017 ICO boom and could lead to a more flexible regulatory approach for token issuers.
SEC Chair Paul Atkins Says Most ICOs Are Not Securities
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