Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The SEC plans to advance the "Token Classification Act" to define the securities attributes of Crypto Assets.

robot
Abstract generation in progress

On November 12, Paul Atkins, chairman of the SEC, outlined its crypto “Token Classification” plan to clearly distinguish which Crypto Assets are considered securities, while the SEC is advancing digital asset regulation in a new way. Paul Atkins stated that the classification will be based on the Howey test. The Howey test originates from a 1946 U.S. Supreme Court ruling, which the SEC often references to determine whether an asset constitutes an investment contract, and thus is further regarded as a security. Paul Atkins later added that Crypto Assets can be part of an investment contract, but that does not mean they will always be so.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)