SEC Chairman: The nature of Crypto Assets depends on how they are packaged and sold, with very few being classified as securities.

Gate News bot message, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his views at the blockchain seminar in Wyoming, stating that a very small number of cryptocurrency tokens qualify as securities. This position is significantly different from that of his predecessor. Atkins emphasized that tokens themselves are not necessarily securities; their nature primarily depends on the packaging and selling methods involved.

The SEC previously launched the “Project Crypto” initiative aimed at modernizing securities laws and facilitating the migration of U.S. financial markets to the blockchain. Atkins stated that the SEC will embrace innovation and collaborate with various government departments and Congress to create a framework to prevent regulatory missteps. According to The Block.