US SEC Chairman: It has been made clear that most crypto assets such as digital commodities, digital tools, and digital collectibles are not securities.

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, stated in a post on platform X that he clarified at the Blockchain Association policy summit yesterday that the SEC will work to promote clear rules aimed at providing a solid regulatory foundation for digital assets. It has previously been made clear that most crypto assets, such as digital commodities, digital tools, and digital collectibles, are not securities. However, when a project offers and sells tokens to raise funds and commits to necessary management work, it may be subject to securities laws. The tokens sold may be resold under specific circumstances without involving securities laws. Paul Atkins added that he believes the U.S. Commodity Futures Trading Commission (CFTC) will become a reliable regulatory body for the crypto asset market.