The SEC Crypto Task Force, as explained by Atkins, is considering the evolution of blockchain networks in determining the classification of tokens. As blockchain networks mature and their code becomes operational, the role of the original issuers diminishes. This transition allows networks to operate independently, leading to a scenario where most tokens can trade without reliance on their original teams. Consequently, these tokens may no longer be classified as securities, reflecting a shift in regulatory perspective as networks achieve self-sufficiency.
SEC Crypto Task Force Views on Blockchain Maturity and Token Classification
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