The U.S. Securities and Exchange Commission on Tuesday issued an interpretation clarifying which types of cryptocurrencies are considered securities and how a "non-security" digital asset could meet certain conditions to become an investment contract. SEC Chair Paul Atkins also on Tuesday said the agency should consider a safe harbor proposal to provide crypto companies with "bespoke pathways" to raise capital, while maintaining appropriate investor protections. The SEC's new interpretation - which the U.S. CFTC also joined - classifies crypto tokens into five categories: digital commodities, digital collectibles, digital tools, stablecoins and digital securities, with the agency specifying that federal securities laws only apply to digital securities.
| less than a minute read
US securities regulator issues long-awaited crypto guidance
It's way past time for us to stop diagnosing the problem and start delivering the solution," Atkins said in remarks at an event held by crypto trade group The Digital Chamber in Washington, D.C
