SEC Chair: Legal Interpretation of Cryptocurrency is 'Just the Beginning, Not the End'

BlockBeats News, March 20th, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins said in a prepared remarks during a Thursday event at the Law & Business Institute that SEC will take a different approach in the digital asset field from the past "enforcement-oriented regulation." Following the signing of a Memorandum of Understanding with the CFTC, SEC will first focus on clarifying the application of federal securities laws to crypto assets. "While this interpretation provides the clarity that has long been needed, I also want to assure you that this is just the beginning, not the end."

Previously reported, the SEC and CFTC jointly released new regulatory guidance, clearly stating that most digital assets are not securities, aiming to provide a clearer regulatory framework for the market.