US SEC Chairman: Most tokens are not securities and support "super application" platforms

PANews September 10th news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins said, "Most crypto tokens are not securities." He also outlined a comprehensive plan to incorporate crypto activities such as transactions, lending and staking into a unified regulatory framework. Atkins said at the OECD roundtable in Paris on Wednesday that the US SEC will open a new chapter, and policies will no longer be formulated by temporary law enforcement actions, and will provide clear rules to help innovators develop. The Presidential Working Group on Digital Asset Markets has submitted a "bold blueprint" to support this mission. The U.S. SEC's update strategy includes allowing the platform to operate as a "super application" to promote the transaction, lending and pledge of digital assets under a regulatory framework. Atkins said these platforms should also have the flexibility to offer multiple hosting solutions. Atkins believes that regulation should be moderate to avoid burdening entrepreneurs, and also praises the EU MiCA framework and calls on international cooperation to promote innovative markets.