SEC Clarifies Bitcoin and Ethereum Status as Non-Securities in New Token Framework

On March 18 at the DC Blockchain Summit 2026, SEC Chair Paul Atkins introduced a new token taxonomy and investment contract interpretation framework designed to reduce long-standing regulatory uncertainty around digital assets. The announcement outlined how different categories of tokens will be treated under U.S. financial regulations, signaling a clearer boundary between securities and non-security digital assets.

Non-Security Categories Defined

The framework identifies four categories that are not considered securities: digital commodities, digital collectibles, digital tools, and payment stablecoins regulated under the GENIUS Act. Bitcoin (BTC) and Ethereum (ETH) were specifically listed as digital commodities, placing them outside securities law oversight.

Digital Securities Remain Under Regulation

Under the updated interpretation, only assets classified as digital securities primarily tokenized versions of traditional financial securities will fall under securities laws. Atkins stressed that the agency’s role is focused on securities oversight, stating the SEC is not intended to function as a regulator of every type of digital asset.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.