US Securities and Exchange Commission (SEC) Chairman Paul Atkins has unveiled a plan to classify cryptocurrencies, distinguishing those considered securities. In a recent press release, Atkins outlined his views on various crypto assets, highlighting that tokenized products are classified as securities due to their connection to financial instruments, while non-tokenized NFTs, network tokens like ETH and SOL, and digital tools with practical functions, such as identity verification, are not. Atkins explained that digital commodities or network tokens, unlike traditional financial instruments, aren’t viewed as securities because their value is intrinsically linked to the operational functionality and decentralization of crypto systems rather than profit derived from others’ managerial efforts.