gary gensler

Tokens Aren't Securities? SEC's Groundbreaking Clarification Links Crypto and Commodity Worlds

In a landmark move, the SEC's latest interpretation declares most crypto tokens as non-securities, ending years of ambiguity and framing a new regulatory landscape. This bold shift features the introduction of a "token taxonomy" that categorizes digital assets into five groups, providing clarity and signaling a pro-innovation era. With this change backed by new SEC Chair Paul Atkins, it aligns with the GENIUS Act, easing pressure on exchanges and developers while underpinning forthcoming congressional legislation. However, the SEC emphasizes that context still matters, with certain nuances remaining, especially regarding profit-tied tokens.