SEC Chair Paul Atkins Outlines ‘Token Taxonomy’ Plan In Effort To Clarify Crypto Regulation
Posted On November 12, 2025
SEC Chair Paul Atkins has announced plans to introduce a “token taxonomy”, a new regulatory framework aimed at defining which digital assets qualify as securities under U.S. law.
What Happened: Speaking at the Federal Reserve Bank of Philadelphia’s Fintech Conference, on Wednesday, Atkins said the initiative will be grounded in the Howey Test, the long-standing legal benchmark for identifying investment contracts.
Key elements of the proposal include:
- Allowing certain investment-linked tokens to trade on non-SEC regulated platforms such as those overseen by the CFTC …
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