SEC Chairman Reaffirms Various Token ICOs Should Be Viewed as Non-Security Transactions, Exempt from SEC Regulation

BlockBeats News, December 10th, according to Decrypt's report, SEC Chairman Paul Atkins said at the Blockchain Association's annual policy summit that multiple types of ICOs should be considered non-securities transactions and therefore not within the SEC's regulatory purview.

Atkins referenced his Token Classification Framework released last month, which categorizes the cryptocurrency industry into four main token categories. He mentioned that network tokens, digital collectibles, and utilities should not be considered securities, and related ICOs should also be seen as non-securities transactions. Atkins pointed out that the only ICO category the SEC should regulate is tokenized securities, referring to tokenized transactions of SEC-regulated securities on the blockchain.