Analysis: The US SEC may redefine the attributes of cryptocurrencies, and most tokens may be classified as commodities

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ODAILY
02-25
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Odaily reports that regulatory expert Amy Lynch stated that the U.S. Securities and Exchange Commission (SEC) may redefine the attributes of cryptocurrencies, and most tokens may be classified as commodities, thereby falling outside the SEC's jurisdiction. The SEC's lawsuit against Ripple Labs over the issuance of XRP tokens has become a key indicator of the legal direction, as the SEC previously accused Ripple of issuing unregistered securities. Importantly, this case is seen as the legal basis for classifying most cryptocurrencies as securities under SEC supervision. (business insider)

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