Svmuu News According to reports, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), unveiled the "Regulation Crypto Assets" regulatory framework at the "SEC Speaks" conference, marking a shift from "enforcement-driven regulation" towards a clear set of rules.
The framework categorizes digital assets, classifying Bitcoin, Ethereum, and Solana, among others, as "digital commodities," primarily overseen by the CFTC. The SEC will focus on "digital securities," which are tokens with clear profit or asset claim rights.
Furthermore, the framework introduces a "token safe harbor" mechanism, allowing projects to develop and raise funds under simplified disclosure requirements for up to three years. The SEC has also signed a memorandum of understanding with the CFTC to reduce overlapping regulation and clarify jurisdictional responsibilities. (FinanceFeeds)