SEC Chair States Most Tokens Aren’t Securities; Supports Super-App Platforms

The Securities and Exchange Commission chair recently indicated that the majority of digital tokens do not meet the definition of securities. This statement occurred during a conversation concerning the future regulation of digital assets. Furthermore, the chair expressed support for “super-app” platforms, which consolidate various financial services into a single point of access. They believe that these platforms have the potential to streamline financial services for consumers while providing necessary protections. The SEC chair stressed the significance of a clear and effective regulatory framework to ensure responsible innovation within the digital asset space. The objective is to foster growth and innovation while safeguarding investors from potential risks. They emphasized that the SEC is actively developing this regulatory framework in conjunction with diverse stakeholders.