SEC Chair Paul Atkins Unveils Token Taxonomy Framework Based on Howey Test

Securities and Exchange Commission Chair Paul Atkins outlined plans for a token taxonomy framework rooted in the Howey Test during remarks at the Federal Reserve Bank of Philadelphia's Fintech Conference on Wednesday. The initiative aims to establish clear distinctions regarding which digital assets qualify as securities. Atkins emphasized that tokens' regulatory status may evolve as networks mature and issuer involvement diminishes.