In brief
- SEC Chair Paul Atkins said most crypto tokens, including network tokens and meme coins, shouldn’t be treated as securities.
- Only tokens tied to explicit and unambiguous managerial promises should qualify as securities, he clarified.
- He also announced plans to let securities and non-securities trade together on “super app” platforms not regulated by the SEC.
SEC chair Paul Atkins made perhaps his most explicit comments yet on the security status of crypto tokens Wednesday, in a lengthy speech that clarified the few circumstances in which the Wall Street regulator plans to oversee the booming crypto industry under the second Trump administration.
Consistent with prior statements made by Atkins and his fellow Republican…
Nov 12 2025
