The SEC is set to advance a ‘Token Classification Framework’ aimed at defining the attributes of securities within the cryptocurrency sector. This initiative seeks to provide clarity on how various tokens should be classified under existing securities laws. By establishing a framework, the SEC aims to enhance regulatory oversight and ensure compliance among cryptocurrency projects. The move reflects the agency’s ongoing efforts to address the complexities of the digital asset landscape and protect investors. The framework is expected to facilitate a better understanding of which tokens fall under the definition of securities, thereby guiding market participants in their operations.
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