SEC под главенством Пол Аткинса переосмысляет статус токенов в криптоиндустрии Translation: SEC under Chairman Paul Atkins reconsiders the status of tokens in the crypto industry

Only a handful of cryptocurrencies are regarded as securities, stated SEC Chairman Paul Atkins at a symposium in Wyoming.

«In my opinion, there are very few tokens that constitute securities, but it largely depends on the terms of their offering and sale,» the head of the regulatory body remarked.

His statements are in stark contrast to the views of former SEC Chairman Gary Gensler, who considered most digital assets to fall under the category of securities according to the Howey Test. He indicated that only Bitcoin and Ethereum do not fit this interpretation.

Atkins’ remarks on the classification of cryptocurrencies followed the launch of the Project Crypto initiative, aimed at modernizing securities laws and integrating American financial markets with blockchain technology.

«A new era is dawning, especially for the crypto industry. We advocate for innovation. Now we want to embrace innovation,» the Chairman added.

Following the symposium, Atkins wrote that the agency «must establish a regulatory framework that protects the crypto market from the arbitrariness of regulators in the future.»

«I look forward to collaborating with colleagues in the administration and Congress to achieve this goal,» he noted.

Earlier, analysts at Bernstein described the initiative as «the boldest and most transformative vision for digital assets.»

Bitwise’s Head of Investments, Matt Hougan, saw it as a roadmap for investors over the next five years.

«The most optimistic document on cryptocurrency I’ve read wasn’t authored by some random expert – it was written by the SEC Chairman,» he commented on Project Crypto.

It is worth recalling that in August, following the conclusion of the court battle between the Commission and Ripple, Atkins pledged to focus on developing clear rules for the crypto industry.