๐๐ชโ๏ธ๐ผ๐ SEC Chair Paul Atkins spoke at the Blockchain Associationโs annual policy summit, advocating for limited ICO regulation ๐โจ. He suggested that many Initial Coin Offerings (ICOs) should be treated as non-securities transactions ๐ซ๐๏ธ, falling outside the SECโs regulatory scope. Atkins introduced his token classification framework, dividing the crypto industry into four main categories ๐๏ธ๐. According to him, network tokens, digital collectibles, and digital utilities should not be classified as securities ๐ผ๏ธ๐ ๏ธ, and their ICOs should also be non-securities transactions. The SEC should focus regulation only on tokenized securities ๐โก, which represent the tokenization of already regulated securities ๐ฆ๐.
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