The Daily: SEC’s Paul Atkins unveils plan to clarify which tokens count as securities, Circle explores native Arc token, and more
SEC Chair Paul Atkins detailed a plan for a token taxonomy to clarify securities rules, while Circle explores a native token for its Arc blockchain.Summary
SEC Chair Paul Atkins announced plans for a new "token taxonomy" to define which cryptocurrencies are securities, moving toward rules-based guidance rooted in the Howey Test but accounting for network maturation. This initiative, part of "Project Crypto," is intended to complement, not replace, Congressional legislation. In other major developments, Circle is exploring a native token for its Arc Layer 1 blockchain, following strong Q3 growth where USDC circulation rose 108% year-over-year. Furthermore, Visa launched a pilot for USDC stablecoin payouts to creators and freelancers, and JPMorgan officially rolled out its JPM Coin deposit token (JPMD) on the Base network for 24/7 institutional settlement. Finally, U.S. spot Bitcoin ETFs saw their best day in a month with $524 million in inflows.
(Source：The Block)