The U.S. Securities and Exchange Commission (SEC) is advancing a new framework, the "Token Classification + Investment Contract Interpretation," to clarify which crypto assets are not considered securities. SEC Chairman Paul S. Atkins announced that digital commodities, digital collectibles, digital utilities, and payment stablecoins compliant with the GENIUS Act will not be classified as securities. The proposal also highlights a unique federal contract safe harbor. The SEC plans to open the proposal for public comment in the coming weeks.