Core Viewpoint - The SEC Chairman Paul Atkins plans to establish a "token classification system" based on the Howey test to clarify which crypto assets qualify as securities [1] Group 1: Regulatory Framework - The proposed framework is not intended to relax enforcement commitments, and fraudulent activities will continue to be strictly monitored [1] - Atkins has instructed staff to explore proposals that would allow tokens related to investment contracts to be traded on non-SEC regulated platforms, such as CFTC registered platforms or state-regulated platforms [1] - The initiative aims to introduce a package of exemptions to create customized issuance rules for crypto assets [1] - Atkins stated that this plan is designed to complement rather than replace congressional legislation [1]