During a keynote address, SEC chair Paul Atkins announced a significant policy shift, asserting that most crypto tokens do not qualify as securities. Highlighting the agency's Project Crypto initiative, launched in July, Atkins emphasized the need for predictable regulatory guidance, aiming to eliminate the legal uncertainty surrounding capital raising via on-chain methods. This marks a departure from previous SEC practices that relied heavily on ad hoc enforcement, particularly following the 2017 DAO Report. Under this new framework, the SEC is set to differentiate more clearly between securities and non-securities, providing entrepreneurs stronger foundations for token projects. Additionally, Atkins proposed a super-app model, integrating various functions like trading and staking under a unified regulatory structure, in alignment with the EU's Markets in Crypto-Assets framework. His remarks echoed the President’s Working Group report, which called for expedited rulemaking to maintain US competitiveness in the digital asset landscape.

Source 🔗