SEC Chair Paul Atkins clarified the SEC’s oversight on crypto tokens, stating that network tokens, digital collectibles, and digital tools are not considered securities. He emphasized that only tokens where profits depend on others’ managerial efforts should be viewed as securities. Tokenized securities will remain regulated, but Atkins supports platforms allowing various trades.

Atkins reflected on the SEC’s original purpose post-Great Depression, stating that securities laws should not regulate every digital value. He believes in overseeing capital formation, but not stifling innovation. Crypto tokens will only be considered securities when profits rely on third-party efforts, as per Atkins’ speech.

Read more at Yahoo Finance: SEC Chair Paul Atkins Reveals Which Crypto Tokens He Thinks Are Securities