ChainCatcher news, according to The Block, Paul Atkins, chairman of the U.S. Securities and Exchange Commission (SEC), stated at a blockchain seminar in Wyoming that very few cryptocurrencies qualify as securities, a stance that sharply contrasts with that of his predecessor. Atkins emphasized that the tokens themselves are not necessarily securities; their nature depends on the relevant packaging and sales methods.

The SEC previously launched the "Project Crypto" initiative aimed at modernizing securities laws and facilitating the migration of U.S. financial markets to the blockchain. Atkins stated that the SEC will embrace innovation and will work with various government departments and Congress to build a framework to prevent regulatory missteps.