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SEC Chairman Paul Atkins: Most ICOs Are Not SecuritiesOn December 9, SEC Chairman Paul Atkins stated in an interview with the Blockchain Association that many types of ICOs should not be considered securities transactions and therefore do not fall under SEC supervision. Under his proposed token classification framework, network tokens, digital collectibles, and digital utility tokens — along with their corresponding ICOs — should be overseen by the CFTC. Only offerings related to tokenized securities would ...