SEC May Redefine Crypto Attributes: Expert Predicts Shift in Regulations

U.S. regulatory expert Amy Lynch predicts that the Securities and Exchange Commission (SEC) might redefine the classification of cryptocurrencies, potentially reclassifying most tokens as commodities and thereby removing them from SEC jurisdiction. This potential shift arises from the ongoing SEC lawsuit against Ripple Labs for XRP token issuance, where the SEC has previously accused Ripple of unregistered securities. The outcome could significantly impact how crypto is regulated across the board.