The head of the US Securities and Exchange Commission (SEC), Paul Atkins, has stated that most crypto tokens do not fall under the definition of securities.
Speaking at a policy roundtable hosted by the OECD in Paris, he emphasized a new approach that focuses on creating clear and consistent rules.
Atkins introduced a proposal that would allow companies offering crypto services, such as trading, lending, and staking, to operate under a single regulatory system.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Crypto Fees Explained: How Not to Overpay? (Animated)
These platforms, described as “super-apps”, would be able to provide various services within a single framework while offering options for how users store their digital assets.
The proposed changes fall under the SEC’s Project Crypto, a program designed to modernize financial rules for digital markets. According to Atkins, the groundwork has already been laid by the President’s Working Group on Digital Asset Markets.
He noted that this new direction would avoid burdening businesses with overlapping or unnecessary rules.
He added that the SEC’s job is not to create hurdles but to offer guidance that makes it easier for honest businesses to grow. Atkins stressed that only the amount of regulation needed to protect users should be applied.
Furthermore, Atkins acknowledged the European Union’s approach as a possible model. He stated that the MiCA framework provides a comprehensive set of rules for digital assets.
To close his remarks, Atkins called for more international cooperation. He noted that working together can help countries build markets that are safer, more accessible, and more open to innovation.
At the recent Wyoming Blockchain Symposium in Jackson Hole, Atkins shared his thoughts on how the agency plans to approach cryptocurrencies. What did he say? Read the full story.
