Paul Atkins

So today, I'm pleased to announce that the SEC's persistent failure to provide clarity on this question is over.

As we speak, the commission is implementing a token taxonomy and investment contract interpretation, and you should find that in your inbox or if you look on the website when you get home.

Our interpretation, which is grounded in existing law and informed by extensive public input, establishes four asset categories that are not deemed to be securities.

So digital commodities, digital collectibles, digital tools, and payment stable coins under the Genius Act.

With these categories in place, the interpretation then clarifies that only one crypto asset class remains subject to securities laws, namely digital securities, which are traditional securities that are tokenized.

This distinction returns the SEC to its core mission and statutory authority of protecting investors involved in securities transactions.

We're not the Securities and Everything Commission anymore.

So, thank you.

In a speech before the New York Stock Exchange this week, SEC Chairman Paul Atkins slammed the Biden administration for using financial rules as a political weapon.

While sporting a bright red Make IPOs Great Again hat, Atkins promised to return to what he called America's Hamiltonian dynamism and to bring an end to the mountains of ESG disclosures and red tape that have throttled innovation and driven companies overseas.

The question before us is not whether our entrepreneurs have the capacity to reinvent and reinvigorate our capital markets, but whether we as regulators have the will.

In this new day, the SEC and under President Trump's leadership, I am pleased to report that we do.

Thank you very much, John.

Great to be with you.

Well, I think it skewed the marketplace, for example.

And in one area, which many of your viewers might be familiar with and following, is the digital asset area, cryptocurrencies and whatnot.

There were really only two countries in the world that were working to make cryptocurrencies illegal, and that's communist China and

and the United States through the Securities and Exchange Commission.

That tells you one thing.

We're taking a different tack at that, of course, and so we are trying to embrace technological advancements and innovation because I think it's much more important to embrace it and to make sure it fits within our laws and rules here in the United States.