SEC Chief Drops Crypto Bombshell: ‘Most Tokens Aren’t Securities, But We’re Still Watching You’ 🚨

In a shocking twist that no one saw coming (except maybe the 12 people who read SEC filings for fun), Chairman Paul S. Atkins finally revealed Phase 2 of Project Crypto at the Philadelphia Fed Fintech Conference. Spoiler: It’s a “token taxonomy framework” that sounds fancy until you realize it’s just lawyers arguing about definitions again. 🎩🐍

Fox’s Eleanor Terrett live-tweeted the drama like it was the season finale of Succession. Highlights include the SEC’s new life motto: “Let innovation bloom, but also let’s not get scammed.” 🌱💼

Most Crypto Tokens Are Not Securities, Says SEC Chairman

Atkins kicked things off with a mic drop: “Surprise! 90% of crypto tokens aren’t securities!” Wow, really? Who knew? 🙄 He then dropped a legal truth bomb: Being on a blockchain doesn’t magically turn your doodlecoin into a security. The SEC’s still using the Howey Test-the regulatory equivalent of a 100-year-old cheese grater-to scrape through claims. But hey, they’re “modernizing” it now. 🧀🔪

Translation: Tokenizing a stock doesn’t make it a NFT, Karen. And calling your pyramid scheme an “NFT” won’t save you from jail. 🔍💸

New SEC Token Taxonomy Framework Explained

The framework? Two rules that could’ve fit on a napkin:

1. Tokenized traditional assets = same old boring assets. A tokenized bond is still a bond. Yawn.
   (But now it’s on a blockchain! So it’s… faster? Maybe?)
2. Renaming your security a “token” doesn’t erase the law. If it walks like a duck and quacks like a duck… it’s still a duck. 🦆

Atkins: “We’re updating the Howey Test for the TikTok era. No, we don’t know what TikTok is.”

How the SEC Framework Impacts Crypto Trading?

Here’s the plot twist: Some tokens start as securities (looking at your ICOs from 2017) but evolve into “decentralized” non-securities. Like crypto caterpillars turning into butterfly coins! 🦋

Analogy time: It’s like buying farmland. If the farmer stops farming, the land isn’t a “security” anymore. Unless the farmer’s your crypto bro promising 10,000% APY. Then it’s a scam. 🌾🚜

SEC’s Approach: Encouraging Crypto Innovation While Protecting Investors

The SEC’s big flex? Letting non-security tokens trade on CFTC-regulated platforms. Translation: “We’re not the fun police, we’re just the… slightly less fun police.” 🚧

Atkins closed with: “We will not let fear of the future trap us in the past.”

“Translation: ‘We’re terrified of the future, but we’re not going to let that stop us from pretending we’re cool with it.’ 😂”

So there you have it. The SEC’s finally embracing crypto, one lawsuit at a time. 📜🚀

Read More

• USD RUB PREDICTION

• Gold Rate Forecast

• How to Get Sentinel Firing Core in Arc Raiders

• BNB PREDICTION. BNB cryptocurrency

• Silver Rate Forecast

• EUR INR PREDICTION

• USD1 PREDICTION. USD1 cryptocurrency

• INJ PREDICTION. INJ cryptocurrency

• ICP PREDICTION. ICP cryptocurrency

• DOT PREDICTION. DOT cryptocurrency

2025-11-13 10:27