The U.S. Securities and Exchange Commission (SEC) has announced a significant shift in its regulatory approach by excluding utility tokens, digital objects, and practical tools from its oversight. This decision, spearheaded by SEC head Paul Atkins, is intended to provide clarity and encourage innovation within the cryptocurrency sector. In response to this regulatory change, Coinbase has invested $375 million to acquire Echo, a platform dedicated to token launches. This strategic move by Coinbase suggests a potential resurgence of initial coin offerings (ICOs) in the United States, following a period of legal ambiguity surrounding such offerings.