Overview
- Atkins said the Commission will consider a formal token taxonomy in the coming months to distinguish securities from commodities.
- He directed staff to draft recommendations for a package of exemptions creating a tailored offering regime for assets tied to investment contracts.
- He stated that network tokens, meme coins, digital collectibles, and other digital tools generally should not be treated as securities.
- He explained that tokens linked to investment contracts can lose securities status once explicit managerial promises are fulfilled, fail, or terminate.
- He backed allowing securities and non-securities to trade on unified “super app” platforms, reaffirmed that tokenized securities remain under SEC authority, and said the approach aligns with market‑structure legislation being pursued in Congress and urged by President Trump.