#BlockBeats President of the SEC Advocates Limited ICO Regulation

According to BlockBeats, the president of the SEC, Paul Atkins, stated at the annual policy summit of the Blockchain Association that several types of Initial Coin Offerings (ICOs) should be considered non-securities transactions and, therefore, are outside the SEC's regulatory scope.

Atkins mentioned his recent token classification framework introduced, which divides the cryptocurrency industry into four main categories of tokens. He emphasized that network tokens, digital collectibles, and digital utilities should not be classified as securities, and their related ICOs should also be viewed as non-securities transactions. Atkins highlighted that the only category of ICO that the SEC should regulate are tokenized securities, which involve the tokenization of securities already under SEC regulation.#BTCVSGOLD $BTC