Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated at the Wyoming Blockchain Summit that only a "very small number" of cryptocurrencies can be classified as securities, emphasizing that the tokens themselves usually do not constitute securities. He pointed out that the SEC will promote the modernization of securities laws through the "Project Crypto" initiative, aiming to gradually move U.S. financial markets on-chain. Atkins stressed that regulation should embrace innovation and proposed the need to build a long-term framework that can "guard against regulatory interference." (TheBlock)