The US Securities and Exchange Commission (SEC) has issued guidance on the classification of cryptocurrency assets under federal securities laws.
According to SEC Chair Paul Atkins, 'most crypto assets' will not be considered securities. The guidance draws a distinction between crypto assets that meet the definition of investment contracts and those that do not.
The clarification specifically excludes protocol mining, staking, and airdrops from being classified as securities. This move is seen as a major step in providing clarity to market participants on how the Commission treats crypto assets under federal securities laws.