SEC takes crypto-friendly stance in debate over securities, slams ‘scarlet letter’ stigma

Securities and Exchange Commission chairman Paul Atkins on Thursday took a cryptocurrency-friendly stance in a debate over securities, announcing “Project Crypto.” The SEC is currently deciding whether to classify crypto as commodities, like gold or silver, or securities, like stocks. Atkins in a speech signaled that most cryptocurrencies will not be deemed as securities, and therefore will be subject to fewer regulations. Crypto advocates generally favor tokens to be classified as commodities, as securities are subject to disclosure and registration requirements under the Securities Act of 1933 and the Securities...