SEC Chair Atkins Indicates Certain ICOs May Not Qualify as Securities

Dec 10 2025 crypto


SEC Chair Paul Atkins clarified that ICOs involving network tokens, digital collectibles, and digital tools are not considered securities, placing them outside SEC jurisdiction and under CFTC oversight. This encourages innovation in non-security token sales while focusing regulation on tokenized securities. Network tokens linked to decentralized blockchains avoid securities classification. Digital collectibles referencing memes, characters, [...]

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