SEC Chair Paul Atkins has stated that various types of Initial Coin Offerings (ICOs) should not be classified as securities transactions, thus falling outside the SEC's regulatory scope. According to a token classification framework he proposed last month, network tokens, digital collectibles, and digital utility tokens, along with their corresponding ICOs, should be regulated by the Commodity Futures Trading Commission (CFTC). Only tokenized securities-related issuance activities would remain under SEC oversight. This stance suggests a potential resurgence of ICO fundraising in the U.S. in the absence of new market structure legislation.