SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classification

In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets. Howey Test And Token Taxonomy In Crypto Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in legal rationale to discern between securities and commodities. He emphasized the importance of adhering to “limiting principles” in laws and regulations to ensure a cohesive approach towards crypto asset classification. Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point Atkins commended the efforts of Commissioner Hester Peirce, particularly her work in providing a transparent and economically grounded treatment of crypto assets under federal securities laws source: https://www.newsbtc.com/news/sec-chair-sets-out-plans-for-crypto-taxonomy-to-define-digital-asset-classification/