US SEC Cryptocurrency Working Group Head: Reconsidering Whether Certain Types of Crypto Assets are Securities

BlockBeats News, February 5th, according to The Block report, the newly formed cryptocurrency working group at the U.S. Securities and Exchange Commission (SEC) will take on a series of priorities.

The working group led by Hester Peirce will focus on distinguishing which "crypto assets" are securities, which could change how companies register and provide clear statements when approving or disapproving trading platform products.

In a statement on Tuesday, Peirce outlined her list of priorities and noted that this is not an exhaustive list, while also including a link to the cryptocurrency working group. Peirce stated that one of the priorities will be to classify some tokens as "non-securities."

Meanwhile, the SEC has appointed former Coin Center policy director Landon Zinda as a senior advisor to the cryptocurrency working group.