The SEC is moving to definitively answer one of the crypto world’s biggest questions: what is a security? Chair Paul Atkins said the commission will soon consider creating a “token taxonomy” to classify digital assets and draw a legal line between securities and commodities.
The announcement, promising action within months, signals a major step toward resolving the regulatory uncertainty that has long plagued the industry.
The plan also includes crafting tailored rules for crypto securities, matching bipartisan efforts in Washington to modernize financial regulations.
