U.S. SEC Chairman: The legal interpretation of crypto assets is just the beginning, not the end

According to Cointelegraph, SEC Chairman Paul Atkins stated in a prepared speech at the Institute for Legal Practice Research on Thursday that the SEC will adopt a different regulatory approach in the field of digital assets. After signing a memorandum of understanding with the CFTC, the SEC will first focus on clarifying how federal securities laws apply to crypto assets.

"While this explanation brings the long-needed clarity, I also want to assure everyone that this is just a beginning, not an end." Previous reports indicated that the SEC and CFTC jointly released new regulatory guidelines, clearly stating that most digital assets do not fall under the category of securities, aiming to provide a clearer regulatory framework for the market.