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🔴JUST IN: 🇺🇸 SEC Chair Paul Atkins says US financial markets are moving "on-chain." "SEC is prioritizing innovation and embracing new technologies to enable this on-chain future." $BTC $ETH #chairpaul
🔴JUST IN: 🇺🇸 SEC Chair Paul Atkins says US financial markets are moving "on-chain."

"SEC is prioritizing innovation and embracing new technologies to enable this on-chain future."

$BTC $ETH #chairpaul
Paul Atkins Says Most #Crypto ICOs Are Beyond SEC Oversight. SEC #ChairPaul Atkins stated Tuesday that most initial coin offerings (ICOs) should not be classified as securities. His comments indicate a potential regulatory shift that could reinvigorate a fundraising method long constrained by federal oversight. Speaking at the Blockchain Association’s policy summit, Atkins noted that many ICOs fail to meet the legal criteria defining a security. Consequently, they fall outside the jurisdiction of the Securities and Exchange Commission. He explained that these offerings involve token types that “do not fit” the agency’s definition of an investment product, placing them beyond the SEC’s reach. Atkins based his remarks on a token taxonomy he introduced last month. The framework divides digital assets into four categories, distinguishing between those that function like investments and those that do not. According to Atkins, three categories — network tokens, digital collectibles, and digital tools — do not exhibit the characteristics traditionally associated with securities. Consequently, they merit distinct regulatory treatment. Only the fourth category, tokenized securities, falls squarely under existing SEC rules. Atkins further suggested that oversight of the remaining categories fall under the Commodity Futures Trading Commission (CFTC). The commission has historically employed a lighter-touch regulatory approach. #USJobsData #BinanceBlockchainWeek $ETH $BTC $XRP
Paul Atkins Says Most #Crypto ICOs Are Beyond SEC Oversight.

SEC #ChairPaul Atkins stated Tuesday that most initial coin offerings (ICOs) should not be classified as securities.

His comments indicate a potential regulatory shift that could reinvigorate a fundraising method long constrained by federal oversight.

Speaking at the Blockchain Association’s policy summit, Atkins noted that many ICOs fail to meet the legal criteria defining a security. Consequently, they fall outside the jurisdiction of the Securities and Exchange Commission.

He explained that these offerings involve token types that “do not fit” the agency’s definition of an investment product, placing them beyond the SEC’s reach.

Atkins based his remarks on a token taxonomy he introduced last month. The framework divides digital assets into four categories, distinguishing between those that function like investments and those that do not.

According to Atkins, three categories — network tokens, digital collectibles, and digital tools — do not exhibit the characteristics traditionally associated with securities. Consequently, they merit distinct regulatory treatment.

Only the fourth category, tokenized securities, falls squarely under existing SEC rules.

Atkins further suggested that oversight of the remaining categories fall under the Commodity Futures Trading Commission (CFTC). The commission has historically employed a lighter-touch regulatory approach.
#USJobsData #BinanceBlockchainWeek
$ETH $BTC $XRP
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