SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classifi...
In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets. Howey Test And Token Taxonomy In Crypto Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in legal rationale to discern between securities and commodities. He emphasized the importance of adhering to “limiting principles” in laws and regulations to ensure a cohesive approach....
Related News
U.S. Representative Warren Davidson has reintroduced the Token Taxonomy Act to provide regulatory clarity around digital currencies.
In a significant development for the crypto market in the United States, acting Securities and Exchange Commission (SEC) Chair Mark Uyeda announced plans to revise a controversial proposal requiring digital asset exchanges to register under alternative trading system (ATS) rules. Uyeda Critiques Regulatory Approach To Crypto Exchanges Initially introduced in 2022, the proposal sought to […]
Senator Elizabeth Warren, known for her skepticism towards digital assets, along with six fellow lawmakers, has sent a letter to SEC Chair Paul Atkins, raising concerns about President Trump’s proposal to allow 401(k) plans to invest in crypto, warning that this could jeopardize the retirement savings of American workers. Concerns Raised Over Crypto In Retirement […]
The United States just sent a big signal to the crypto world. SEC Chair Paul Atkins has announced the launch of the President’s Digital Assets Group. The goal is to move away from the old ‘regulation by enforcement’ approach and set clear, workable rules for digital assets. Atkins made the announcement at the Wyoming Blockchain […]
The financial services giant, along with Coin Metrics and MSCI, will help investors track market movements and screen hundreds of coins and tokens by their uses. Goldman Sachs, MSCI, and Coin Metrics announced Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called datonomy and is available by subscription from the three companies. The new taxonomy divides digital assets world into classes, sectors and subsectors according to their use to....