US EditionWall St regulator to consider crypto token classification, chair says
SEC Chair Paul Atkins announced plans to establish a legal framework distinguishing securities from commodities and review tailored exemptions for crypto assets.
- On Wednesday, SEC Chair Paul Atkins said the U.S. Securities and Exchange Commission will consider establishing a token taxonomy to distinguish securities from commodities at the Philadelphia Fed fintech gathering.
- Atkins asked agency staff to prepare recommendations, saying `While capital formation should continue to be overseen by the SEC, we should not hamstring innovation and investor choice by requiring the underlying assets to trade in one regulated environment versus another` to balance policy objectives.
- The plan distinguishes non‑securities token categories, as Atkins outlined exemptions for `network tokens`, digital collectibles and `digital tools`, while tokens tied to investment contracts might be handled via `super apps` and other platforms overseen by the CFTC and state regulators.
- Streamlining classification, Atkins said, reduces regulatory frictions for builders, letting blockchain innovators focus on development while noting investment contracts can expire and change status.
- The SEC will coordinate with Congress on market‑structure legislation soon to codify its crypto stance, while Atkins emphasized regulatory limits and that tokenized securities remain under SEC oversight.
12 Articles
12 Articles
Wall St regulator to consider crypto token classification, chair says
WASHINGTON :The head of the U.S. Securities and Exchange Commission said on Wednesday the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities."In the coming months, I anticipate that the Commission will consider establishing a to
The US stock exchange supervisor is taking a new course. A "token taxonomy" should finally clarify what a security is – and what is not. Source: BTC-ECHO BTC-ECHO
SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classification
In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets. Howey Test And Token Taxonomy In Crypto Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in legal rationale to discern between securities and commodities. H…
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