SEC chief signals softer regulation of ICOs in the US
SEC Chairman Gary Gensler's successor, Gary Atkins, stated that most initial coin offerings (ICOs) are not securities transactions and therefore fall outside the agency’s direct oversight. This marks a significant shift in how blockchain fundraising projects are regulated in the United States.
According to Atkins' classification, only tokenized securities truly fall under SEC jurisdiction, while other categories of tokens might be overseen by different agencies such as the Commodity Futures Trading Commission (CFTC). This contrasts sharply with the previous administration under Gensler, during which many ICOs, including Telegram’s, were blocked.
This regulatory easing could foster growth in the US crypto sector while clarifying the division of regulatory responsibilities across government bodies.
