Speaking at a fintech conference hosted by the Federal Reserve Bank of Philadelphia, U.S. SEC Chairman Paul Atkins outlined the agency's plans to establish a "token taxonomy" to redefine which cryptocurrencies qualify as securities. He stated that the taxonomy would be anchored to the long-referred Howey investment contract securities analysis. Atkins noted that cryptocurrencies can be part of investment contracts, but networks mature, and the role of issuers diminishes or disappears; "tokens won't remain securities forever." The taxonomy aims to complement the crypto legislation currently under consideration in Congress. Atkins also revealed that he has instructed staff to prepare recommendations considering allowing tokens associated with investment contracts to trade on platforms not regulated by the SEC, such as those registered with the CFTC. (The Block)