US SEC Chairman: This week's interpretation of crypto law is "just the beginning, not the end."

PANews reported on March 20th that, according to Cointelegraph, U.S. SEC Chairman Paul Atkins stated that the crypto legal interpretation released this week is "just the beginning, not the end." In a speech on Thursday, Atkins said the SEC will take a different approach to digital assets than its previous "regulation through enforcement" approach, and will initially focus on its interpretation of how federal securities laws apply to cryptocurrencies.

The SEC's explanation released Tuesday clarifies that most cryptocurrencies may not fall under the definition of securities under federal law, with only one category of crypto assets remaining subject to securities laws—"tokenized traditional securities." Atkins clarified that digital goods, digital instruments, digital collectibles such as NFTs, and stablecoins are generally not under the SEC's jurisdiction.