SEC Chairman Paul Atkins Shares Insight Into Token Framework, Crypto Regulation
SEC Chairman Paul Atkins spoke at the 9th Annual Fintech Conference held at the Philadelphia Fed this week. He shared that he expects the Commission to establish a “token taxonomy” based on existing securities law, while acknowledging that the current regime has limitations.
Atkins said he does not believe most crypto are securities. This is in contrast to the prior administration, which believed that virtually all crypto (minus Bitcoin and perhaps Ether) was regulated as securities.
He said that many people believed that if a token were subject to an investment contract, it would be deemed a security forever. Atkins said this view is flawed.
“The reality is that if the United States insists on making every on-chain…
