Paul Atkins, the SEC's acting head, testified that Bitcoin, Ether, Cardano, Solana, and XRP are not securities. The ruling also covers NFTs, mining, staking, and airdrops. The speaker says this ends the SEC's enforcement-based regulation and could spark a crypto bull market.
The SEC just said today could start the next crypto bull market. Paul Atkins, the replacement for Gary Gensler, just went on the stand and said most crypto assets are not securities. Actually gave some examples including Aptos, AVAX, Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Ether, Hedera HBAR, Litecoin, Polkadot, Shiba Inu, Solana, Stellar, Tezos, and XRP. They saved the best for last right there. Digital collectibles like NFTs and meme coins are not securities. Digital tools like crypto domains, tickets, badges— not securities. Mining, staking, wrapping, and free airdrops are non-securities. This is a major, major thing for them to do. The era of regulation by enforcement and keeping the rules vague so that they can just sue people is over. Guess who helped the most in getting this ruling? XRP, because they defeated the SEC by spending hundreds of millions of dollars fighting them to make sure XRP was not deemed a security, the asset itself.
