The president of the SEC clarifies the situation of NFTs in the US market.
The regulation of cryptocurrencies is evolving in the United States, with an important clarification regarding NFTs. The president of the SEC, Paul Atkins, explained that these digital assets are generally considered collectibles and, therefore, in most cases, are not subject to securities laws.
In brief
The SEC considers that NFTs are, in general, collectibles and not securities.
Four types of digital assets have been identified that fall outside the scope of securities laws.
NFTs continue to be evaluated on a case-by-case basis, depending on their structure and actual use.
Despite these clarifications, uncertainties persist in a regulatory framework that is still evolving.
Four types of digital assets fall outside the scope of securities.
Following the publication by the US Securities and Exchange Commission (SEC) of an interpretation that establishes that most crypto assets are not securities, the regulatory framework gains clarity.
In an interview with CNBC on Wednesday, Paul Atkins confirmed this approach. He explained that the recent publication identifies four types of digital assets that are generally excluded from securities.
Digital commodities
Digital tools
Digital collectibles like NFTs
Stablecoins
$NFT
$PALU
