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.