US SEC Chairman: Most tokens are not securities, supporting "super application" platforms

PANews reported on September 10th that, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that "most crypto tokens are not securities," and he also outlined a comprehensive plan to bring crypto activities such as trading, lending, and staking under a unified regulatory framework. Atkins stated at the OECD Roundtable in Paris on Wednesday that the U.S. SEC will open a new chapter, in which policies will no longer be formulated by ad hoc enforcement actions, but will provide clear rules to help innovators develop. The Presidential Task Force on Digital Asset Markets has submitted a "bold blueprint" to support this mission.

The SEC's updated strategy includes allowing platforms to operate as "super apps," facilitating the trading, lending, and staking of digital assets under a single regulatory framework. Atkins stated that these platforms should also be flexible and able to offer a variety of custody solutions. Atkins believes that regulation should be moderate to avoid burdening entrepreneurs. He also praised the EU's MiCA framework and called for international cooperation to promote innovative markets.