SEC Chair Paul Atkins Discusses NFT Regulation

SEC Chair Paul Atkins stated that most non-fungible tokens (NFTs) typically do not fall under U.S. securities laws. According to NS3.AI, Atkins referred to a recent SEC interpretive release that identified four digital asset categories generally not classified as securities. He emphasized that the SEC continues to apply an investment contract test, assessing each digital asset based on its specific facts and circumstances.