SEC unveils token safe harbor as U.S. national debt hits record $39 trillion

SEC Chair Paul Atkins unveiled Regulation Crypto Assets, a token safe harbor framework offering three paths for crypto builders, while the CFTC and SEC jointly issued guidance clarifying how U.S. securities and commodities laws apply to crypto assets with a refined token taxonomy. The SEC stated that most crypto assets, including staking, airdrops and Bitcoin mining, are not securities. The U.S. national debt reached a record $39,000,000,000,000, and the U.S. Department of the Treasury completed a record $15B debt buyback. Mastercard is set to acquire stablecoin infrastructure provider BVNK for up to $1.8B, and Vietnam plans to introduce its first licensed crypto exchanges as early as this month to limit overseas trading, Reuters reports.