For ten years, nobody knew whether their crypto assets were securities. 😐
SEC Chairman Paul Atkins declared: "It's all over today!"
The SEC officially established four categories of crypto assets that are not securities:
1. Digital Goods: Including mainstream cryptocurrencies such as BTC, ETH, SOL, XRP, and DOGE
2. Digital Collectibles: NFTs and memes
3. Digital Instruments: ENS domains and utility certificates
4. Payment Stablecoins: Compliant stablecoins that comply with the GENIUS Act.
Only one category remains under securities laws—tokenized traditional securities.
His final statement drew laughter from the audience:
"We (the SEC) are no longer the all-powerful Securities and Exchange Commission!"
