SEC Chair: Key initiatives such as the classification of investment contracts and innovative exemptions for tokenized securities trading will be introduced in the coming months

On February 19, the U.S. Securities and Exchange Commission’s official website published discussions by Chair Paul Atkins at the ETHDenver conference, revealing that in the coming weeks and months, the SEC will consider the following matters: 1. Developing a framework to explain how to view crypto assets that are subject to investment contracts. How such investment contracts are formed and terminated; 2. Establishing an innovation exemption to facilitate limited trading of certain tokenized securities on new platforms, with a focus on building a long-term regulatory framework; 3. Proposing rules aimed at raising funds through the sale of crypto assets; 4. Issuing no-action letters and exemption orders to provide clearer information, including addressing wallets that do not require registration under the Securities Act; 5. Developing rules regarding broker-dealer custody of non-security crypto assets, including payment stablecoins; 6. Creating rules to modernize transfer agency functions to accommodate the role of blockchain in recordkeeping; 7. Providing additional guidance and no-action letters to help the crypto community understand how existing rules apply to specific practical situations.