SEC Chair Paul Atkins: BTC and ETH Now Clearly Classified as Non-Securities
SEC Chair Paul Atkins said Bitcoin (BTC) and Ether (ETH) have been clearly defined as non-securities under a newly announced federal framework aimed at resolving years of regulatory ambiguity.
Speaking on March 18 at the DC Blockchain Summit 2026, Atkins unveiled a token taxonomy and an updated approach to interpreting investment contracts. The framework carves out four categories that are treated as non-securities: digital commodities (including BTC and ETH), digital collectibles, digital tools, and payment stablecoins issued under the GENIUS Act.
Under the approach, securities regulation would apply only to "digital securities", described as tokenized versions of traditional securities. Atkins added that the SEC is no longer the "Securities and Everything Commission."