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Detailed explanation of the SEC Chair's classification of crypto assets: NFTs, network tokens, and digital tools are not securities
BlockBeats News, November 13 — U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins today outlined his plans for a "Token Classification Law" to clearly distinguish which cryptocurrencies are considered securities. In the SEC's press release, Paul Atkins shared his current views on various crypto assets, summarizing that Atkins emphasizes tokenized products as securities, while non-tokenized NFTs, network tokens (ETH, SOL), and "digital tools" with actual functions (such as identity verification) are not securities. His detailed perspective is as follows: "Digital commodities" or "network tokens"...

