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SEC Chair Confirms ‘Very Few’ Cryptos Are Securities, But Markets Continue to Correct
In a major shift in crypto regulation, US Securities and Exchange Commission (SEC) Chair Paul Atkins has announced that “very few” cryptocurrencies should be classified as securities. This stark contrast to the previous administration’s stance, which insisted that most digital assets were securities.
During his speech at the SALT Wyoming Blockchain Symposium 2025, Atkins emphasized that the agency will not treat all cryptocurrencies equally. Instead, he believes that each token must be evaluated individually based on its underlying characteristics and use cases. This marks a significant departure from the prior administration’s blanket classification of most cryptos as securities.
The SEC chair also praised the recently passed GENIUS Act stablecoin regulations, referring to it as a “seminal step for the US Congress and government.” However, he acknowledged that there is still much work to be done at the agency, describing it as needing “spring cleaning” following years of regulation by enforcement under his predecessor.
Meanwhile, despite this positive development, the crypto market has continued to correct itself. The total market capitalization has plummeted 2.3% on the day to $3.87 trillion, its lowest level in a fortnight. Bitcoin led the losses with a 2.7% dump to bottom out at $112,650 during early trading in Asia yesterday morning, before recovering slightly to the $113,500 mark by the time of writing. This represents an 8.5% decline from its peak last week and may not be over yet.
Ethereum also lost its weekly gains in a fall below $4,100 on Wednesday morning as markets continued their downward trend. While altcoin losses were less severe, they mostly remained in the red at the time of writing.
In related news, Robert Hines, the former Executive Director of the White House Crypto Council under President Trump, has been appointed by stablecoin issuer Tether as its new advisor.
Source: cryptopotato.com
