US SEC Chairman: This week's interpretation of crypto law is "just the beginning, not the end."

CoinFeed reported on March 20th, citing Cointelegraph, that U.S. SEC Chairman Paul Atkins stated that the crypto legal interpretation released this week is "just the beginning, not the end." In a speech on Thursday, Atkins said the SEC will take a different approach to digital assets than its previous "regulation through enforcement" approach, focusing first on its interpretation of how federal securities laws apply to cryptocurrencies. The SEC's interpretation released on Tuesday clarifies that most cryptocurrencies may not fall under the definition of securities under federal law; only one category of crypto assets remains subject to securities laws—"tokenized traditional securities." Atkins clarified that digital goods, digital instruments, digital collectibles such as NFTs, and stablecoins generally do not fall under the SEC's jurisdiction.