sectaxonomy

SEC Chair Signals Major Shift in Crypto Asset Classification
The US Securities and Exchange Commission SEC is preparing its next phase of regulatory action which promises to bring substantial clarity to the question of what is and is not a security in the crypto space
Project Crypto SEC Chairman Paul S Atkins outlined the next phase of Project Crypto an initiative to create a coherent and transparent framework for digital assets
Token Taxonomy The key plan is to establish a formal token taxonomy a classification system to distinguish between tokens that are securities and those that are not
Evolving Status Chairman Atkins asserted that a token sold as an investment contract (a security) during fundraising may cease to be a security as its network matures and decentralizes and the reliance on the issuer fades
New Categories The proposed framework outlines categories including Digital Commodities Digital Collectibles and Digital Tools signaling a move away from the blanket presumption that most tokens are securities
Industry Relief This shift away from reliance on case-by-case enforcement is viewed as a huge win for developers and crypto firms providing much-needed predictability to the US market
🧠 SEC CLARITY COMING SEC Chairman Paul Atkins announced plans to create a formal token taxonomy under Project Crypto The key signal is that a token's status can EVOLVE meaning it may cease to be a security as its network decentralizes This promises massive regulatory relief and predictability for developers in the US #SECTaxonomy #TokenClassification #RegulatoryClarity