The SEC Chairman reiterated that most tokens are not securities.
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U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins reiterated that most cryptocurrencies, including network tokens and meme coins, should not be treated as securities, and that tokens should only be considered securities if they are expected to generate profits through third-party management. He also emphasized that the promise must be explicit and unambiguous. However, he stated that token securities fall under the SEC's regulatory jurisdiction. He added that the SEC will work with Congress to enact cryptocurrency market structure legislation soon.
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