For ten years, no one has known whether the crypto assets in people’s hands qualify as securities.
SEC Chairman Paul Atkins directly announced: This ends today!
The SEC officially established four categories of crypto assets that are not securities:
1. Digital assets: Including major cryptocurrencies such as BTC, ETH, SOL, XRP, and DOGE.
2. Digital Collectibles: NFTs and Meme Coins
3. Digital Tools: ENS Domains and Utility Credentials
4. Pay with a stablecoin: A compliant stablecoin under the GENIUS Act
Only one category remains regulated under securities law—tokenized traditional securities.
He ended with a remark that made the whole room laugh: "We (the SEC) are no longer the Securities and Everything Under the Sun Commission!"





