Chairman of the US Securities and Exchange Commission: Most crypto assets are not securities, and instructions have been issued to formulate clear rules and implement the White House cryptocurrency recommendations."
Internet reports that SEC Chairman Atkins said that he would instruct policy departments to work with the Cryptocurrency Task Force to implement the White House's cryptocurrency-related recommendations. Committee staff have been instructed to draft clear rules for cryptocurrency allocation, custody and trading. Most crypto assets are not securities. Committee staff have been instructed to develop guidelines to determine when crypto assets are securities. Staff have been required to propose disclosure requirements and exemptions for crypto-assets identified as securities, and staff have been required to work with companies seeking to issue tokenized securities.
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