BREAKING: The SEC just released its first-ever crypto asset taxonomy.
5 categories. Four are NOT securities:
→ Digital Commodities
→ Digital Collectibles
→ Digital Tools
→ Stablecoins
Digital Tools are defined as tokens that perform a practical function, such as memberships, credentials, or utility within an ecosystem.
In 2022, the SEC labeled LCX Token a security.
Under Liechtenstein's TVTG, LCX Token has always been registered as a utility token with the FMA. 8 regulatory approvals since 2018.
LCX Token provides fee discounts on the exchange today, with gas utility on Liberty Chain in development.
The SEC's new framework recognizes that utility tokens fall outside securities law. That's what Liechtenstein's TVTG established years ago.
Clarity wins.
$LCX
