SEC Chair Atkins Says Many Types of Crypto ICOs Are Outside Agency’s Purview

SEC chair Paul Atkins said Tuesday that numerous types of ICOs, or initial coin offerings, should be considered non-securities transactions, and thus outside the Wall Street regulator’s jurisdiction. “That’s what we want to encourage,” Atkins said Tuesday at the Blockchain Association’s annual policy summit, in response to a question from Decrypt. “Those sorts of things would not fall, as we would define it, into the definition of a security.” Atkins specifically referred to a token taxonomy he rolled out l ...