Overview

• Chair Paul Atkins said at the Wyoming Blockchain Symposium that the SEC is moving away from regulation by enforcement to a rulemaking approach.
• Atkins reiterated that only a very small number of tokens should be treated as securities, with classification tied to how assets are packaged and sold.
• Project Crypto will propose purpose‑fit disclosures, exemptions, and safe harbors for activities such as ICOs, airdrops, and network rewards.
• The President’s Digital Assets Group will coordinate implementation of recommendations from the President’s Working Group and align efforts with the CFTC.
• Congress continues to shape the outcome through pending market‑structure bills after the House passed the CLARITY Act, while industry groups press for tailored protections.