Paul Atkins, head of the U.S. Securities and Exchange Commission, stated that most digital assets may fall outside the scope of securities laws under a new regulatory taxonomy currently under consideration.
The initiative aims to introduce clearer classification standards, distinguishing between different types of digital assets rather than applying a one-size-fits-all regulatory approach.
The SEC is also evaluating potential exemptions to allow tokenized securities to trade directly on blockchain networks, which could significantly advance the integration of traditional financial markets with decentralized infrastructure.
Analysts believe such changes could mark a major shift in the U.S. regulatory stance, fostering innovation while reducing legal uncertainty that has weighed on the crypto sector.
However, the proposed framework may also raise concerns about investor protection, particularly as the digital asset ecosystem continues to expand rapidly.