SEC Chair: Most Crypto Tokens Aren’t Securities
SEC Chair Paul Atkins says most crypto tokens aren’t securities, pushing for modern rules to future-proof the crypto market.
- SEC Chair Paul Atkins says only a few crypto tokens qualify as securities.
- He highlighted that a token itself is “probably not” a security.
- A new SEC initiative aims to modernize laws and move markets on-chain.
In a major shift from previous narratives, SEC Chair Paul Atkins has stated that only a “very few” crypto tokens should be considered securities under U.S. law. During a recent discussion, Atkins emphasized that a crypto token by itself is “probably not” a security, distinguishing the digital asset from the investment contracts it may be associated with.
This remark signals a potential softening of the SEC’s stance on crypto classification—a stance that has been criticized for causing uncertainty and stifling innovation in the U.S. crypto sector. According to Atkins, the agency is now focusing on creating clear and updated regulations that match the current digital landscape.
Project Crypto: A Vision to Modernize
To support this shift, the SEC has launched Project Crypto, an initiative aimed at updating securities laws to accommodate blockchain technology and digital assets. The project seeks to “move U.S. markets on-chain,” creating a regulatory system that is transparent, modern, and fair.
Atkins argued that the U.S. needs a legal framework that “future-proofs the crypto markets against regulatory mischief.” This means regulations must be adaptable and grounded in the realities of decentralized finance rather than legacy financial systems.
What This Means for the Crypto Industry
This new perspective from the SEC could significantly ease the regulatory burden on crypto startups and projects. If tokens themselves are not securities, many projects might avoid the complex and costly registration process with the SEC.
Moreover, the push to modernize securities laws could bring more clarity and global competitiveness to the U.S. crypto market. Industry leaders have long called for such reforms, and this announcement may signal a more open, innovation-friendly environment going forward.
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