"Atkins described the SEC's prior posture toward digital assets as a failure, initially likening it to an ostrich with its head in the sand, hoping the issue would disappear."
"The SEC's joint interpretive release with the CFTC marked a significant turning point, applying the 1946 Supreme Court ruling in SEC v. Howey to digital assets."
"Atkins remarked that the investment contract wasn't the orange itself, but the whole ecosystem of promises that Mr. Howey made to his investors."
"The SEC and CFTC's token taxonomy guidance is already impacting Asian markets, creating premiums on listed digital commodities."
SEC Chairman Paul Atkins announced a forthcoming innovation exemption for onchain tokenized securities trading. The SEC and CFTC are collaborating to clarify U.S. crypto markets. Their joint token taxonomy guidance is influencing Asian markets, leading to premiums on digital commodities. Senator Lummis anticipates a Senate vote on the Digital Asset Market Clarity Act by June 2026, which Atkins believes is essential for future-proofing policy. Atkins criticized the SEC's previous approach to digital assets as ineffective and emphasized the importance of distinguishing between tokens and their ecosystems.
Read at news.bitcoin.com
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