The post SEC Chairman Paul Atkins Says Few Cryptocurrencies Can Be Considered Securities! Here Are the Details appeared on BitcoinEthereumNews.com. US Securities and Exchange Commission (SEC) Chairman Paul Atkins reiterated that he is taking a more moderate approach to cryptocurrency regulation compared to the previous administration. SEC Chairman Paul Atkins: “Very Few Token Securities” Atkins noted that only a “very small number” of crypto assets could be considered securities. “The token itself is not a security, and probably not. In my opinion, very few tokens are securities. The key here is how the token is packaged and presented to investors,” Atkins said at the Wyoming Blockchain Symposium on Tuesday. This announcement follows the SEC’s launch last month of its “Project Crypto” initiative, which Atkins described as aiming to “modernize securities laws” and move American financial markets on-chain. This project stands in sharp contrast to former SEC Chairman Gary Gensler’s approach, which defined the majority of crypto assets as securities. “A new era has begun for the crypto industry. We are committed to innovation, and we now want to embrace it,” Atkins said. In a post from his X account, he added, “We must create a framework that protects crypto markets from future regulatory abuse.” The project has also received positive feedback from industry analysts, with Bernstein describing the initiative as “the boldest and most transformative vision ever put forth by an SEC chairman,” while Bitwise CIO Matt Hougan said Project Crypto could be the investment roadmap for the next five years. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/sec-chairman-paul-atkins-says-few-cryptocurrencies-can-be-considered-securities-here-are-the-details/The post SEC Chairman Paul Atkins Says Few Cryptocurrencies Can Be Considered Securities! Here Are the Details appeared on BitcoinEthereumNews.com. US Securities and Exchange Commission (SEC) Chairman Paul Atkins reiterated that he is taking a more moderate approach to cryptocurrency regulation compared to the previous administration. SEC Chairman Paul Atkins: “Very Few Token Securities” Atkins noted that only a “very small number” of crypto assets could be considered securities. “The token itself is not a security, and probably not. In my opinion, very few tokens are securities. The key here is how the token is packaged and presented to investors,” Atkins said at the Wyoming Blockchain Symposium on Tuesday. This announcement follows the SEC’s launch last month of its “Project Crypto” initiative, which Atkins described as aiming to “modernize securities laws” and move American financial markets on-chain. This project stands in sharp contrast to former SEC Chairman Gary Gensler’s approach, which defined the majority of crypto assets as securities. “A new era has begun for the crypto industry. We are committed to innovation, and we now want to embrace it,” Atkins said. In a post from his X account, he added, “We must create a framework that protects crypto markets from future regulatory abuse.” The project has also received positive feedback from industry analysts, with Bernstein describing the initiative as “the boldest and most transformative vision ever put forth by an SEC chairman,” while Bitwise CIO Matt Hougan said Project Crypto could be the investment roadmap for the next five years. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/sec-chairman-paul-atkins-says-few-cryptocurrencies-can-be-considered-securities-here-are-the-details/

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more