SEC Chair: Only a tiny number of tokens meet the definition of a security, ushering in a new era for the crypto industry

BlockBeats News, August 20th, SEC Chairman Paul Atkins recently reiterated his friendly stance on cryptocurrency, emphasizing that "a very small number" of tokens fall into the securities category. This statement represents a significant shift from the regulatory attitude of the previous administration.

While attending a blockchain symposium in Wyoming on Tuesday, Paul Atkins explicitly stated: "The SEC will actively promote the new idea that tokens themselves may not necessarily, and likely do not, constitute securities. In my view, very few tokens truly meet the definition of securities, with the key depending on their ecosystem and method of sale."

This statement comes as the latest policy signal from the SEC following the launch of "Project Crypto" last month. The project has been described by the chairman as a key part of securities law "modernization" reform, aimed at driving the U.S. financial markets towards on-chain transformation.

Paul Atkins emphasized, "Especially for the crypto industry, a new era has arrived, and we support innovation. Now is the time to embrace innovation. We must build a cryptocurrency market framework that can withstand regulatory arbitrage and ensure its future orientation. I look forward to working with government departments and Congress colleagues to advance this mission."