SEC Chair Paul Atkins stated that only a small fraction of crypto tokens should be classified as securities during his speech at the Wyoming Blockchain Symposium. His comments reflect a shift in the SEC's approach under the new leadership compared to former Chair Gary Gensler, who had characterized the majority of crypto assets as securities. Atkins discussed the SEC’s Project Crypto, highlighting that the agency intends to develop its framework independently, even as Congressional members are considering new laws for crypto market structure. With the House of Representatives having passed the Digital Asset Market Clarity (CLARITY) Act, there is anticipation for further legislation in the Senate, which returns from recess soon. Atkins emphasized the need for clarity in the digital asset regulations, foreshadowing potential changes in how the SEC interacts with digital asset companies moving forward.

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