SEC Chair Paul Atkins says most ICO token types are non-securities on Dec. 10; only tokenized securities under SEC oversight

On Dec. 10, SEC Chair Paul Atkins said multiple ICO categories should be treated as non-securities outside the SEC's regulatory remit at the Blockchain Association's annual policy summit, Decrypt reported. He cited his token taxonomy introduced last month, which divides crypto into four main token types and says network tokens, digital collectibles and digital utilities are not securities. He added that the only ICO category the SEC should supervise is tokenized securities, defined as on-chain tokenization of securities already regulated by the SEC.