On January 29, news emerged that the cryptocurrency market had declined. As of press time, $Bitcoin (BTC.CC)$Bitcoin fell by 1.29%, trading at $88,322.91; $Ethereum (ETH.CC)$Ethereum dropped by 1.63%, trading at $2,959.35.

Key Focus

The U.S. Securities and Exchange Commission (SEC) issued a statement providing an official interpretation on the classification of tokenized securities and their legal applicability to clarify the scope of federal securities laws for crypto assets. The statement defines ‘tokenized securities’ as financial instruments represented in the form of crypto assets, with ownership records maintained entirely or partially through cryptographic networks. The core classifications include tokenized securities initiated by…