SEC Chairman Emphasizes Narrow Scope of Crypto Securities
The SEC’s new chairman, Paul Atkins, has substantially narrowed the definition of which cryptocurrencies are considered securities.Speaking at the Wyoming Blockchain Symposium 2025, Atkins stated that most tokens aren’t securities.
This represents a stark contrast to former Chair Gary Gensler’s stringent approach. Atkins noted that only how a token is marketed determines its status as a security.
- Very few tokens qualify as securities.
- The界定 depends on packaging and sales method.
Since taking office in April, Atkins has championed regulatory transparency for the crypto industry. This shift includes welcoming the introduction of “Project Crypto.”
Launched in July, “project Crypto” aims to establish clear guidelines for crypto distribution, custody, and trading. It offers businesses direction on token offerings and operations, ensuring rules support innovation rather than hinder it.
The project complements the Trump administration’s goal of maintaining U.S. leadership in digital asset markets.A unified framework promoting innovation is crucial, alongside the recent passage of crypto-related bills like the GENIUS Act by the U.S. House.
Atkins also highlighted SEC efforts to prevent regulatory overreach and unfair enforcement. He advocates for adaptable, innovation-friendly rules, laying the groundwork for sustainable crypto markets.
