US SEC Chairman: It has previously been made clear that most crypto assets such as digital commodities, digital tools, and digital collectibles are not securities.

Jinse Finance reported that Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, stated on the X platform that at yesterday's Blockchain Association Policy Summit, he clarified that the U.S. SEC will be committed to advancing clear regulations aimed at providing a solid regulatory foundation for digital assets. He previously made it clear that most crypto assets such as digital commodities, digital tools, and digital collectibles are not securities. However, when projects offer and sell tokens to raise funds and promise to undertake necessary managerial work, they may be subject to securities laws. Tokens sold can be resold under certain circumstances without involving securities laws. Paul Atkins added that he believes the U.S. Commodity Futures Trading Commission (CFTC) will become a reliable regulatory agency for the crypto asset market.