Analysis: The US SEC may redefine the attributes of cryptocurrencies, and most tokens may be classified as commodities

Odaily News Regulatory expert Amy Lynch said that the U.S. Securities and Exchange Commission (SEC) may redefine the attributes of cryptocurrencies, and most tokens may be classified as commodities, thus leaving the SEC's jurisdiction. The SEC's lawsuit against Ripple Labs for issuing XRP tokens has become a key indicator. The SEC previously accused it of issuing securities without registration. Importantly, this case is regarded as a legal basis to classify most cryptocurrencies as securities supervised by the SEC. (Business Insider)