US regulatory experts: SEC may redefine cryptocurrency attributes, with most tokens potentially classified as commodities

BlockBeats News: On February 25th, according to regulatory expert Amy Lynch in the United States, the SEC may redefine the attributes of cryptocurrencies, and most tokens may be classified as commodities, thus leaving the jurisdiction of the SEC. The lawsuit filed by the SEC against Ripple Labs for issuing XRP tokens has become a key indicator, after the SEC accused it of issuing securities without registration. Importantly, this case is considered a legal basis for classifying most cryptocurrencies as securities subject to SEC supervision. The progress of the case is slow, and the SEC appealed the previous court ruling in October last year. As regulatory thinking shifts, whether the SEC will continue to appeal has become a focus. More broadly, the enforcement of securities laws may also be "severely restricted", partly due to the influence of the Department of Efficiency (DOGE) of the government. Lynch speculates that DOGE may scrutinize the internal operations of the SEC more carefully and attempt to streamline the agency. I think they will take the time to develop their own plans, "Lynch said of the SEC." Pending cases based on the position of former employees will ultimately be withdrawn Lynch reminds that uncertainty in the legislative process may lead to short-term selling pressure, but in the long run it will solidify the value foundation. Lynch pointed out that there have been cases in the past where cryptocurrency prices have fallen due to changes in the legal framework. (Golden Ten)