Paul Atkins Unveils Crypto Rulebook: Will It Reshape Token Markets?
SEC Chair Paul Atkins has introduced a new crypto rulebook aimed at clarifying the classification of digital assets under U.S. law. The framework categorizes tokens into four distinct groups: commodities, collectibles, tools, and tokenized securities. Only the latter will be subject to securities regulations, marking a significant shift in oversight.
"The industry has operated in a fog due to outdated, paper-based securities rules," Atkins remarked. The updated guidelines acknowledge the dynamic nature of digital assets, particularly as decentralized networks mature. Tokens may shed their security status over time as networks achieve greater decentralization.
The SEC and CFTC are coordinating to eliminate regulatory overlap, with plans to enable regulated spot crypto trading on exchanges by 2025. This MOVE signals a concerted effort to bring clarity to a market long plagued by jurisdictional ambiguity.
