Analysis: The U.S. SEC may redefine the attributes of cryptocurrencies, and most tokens could be classified as commodities

ChainCatcher news, regulatory expert Amy Lynch stated that the U.S. Securities and Exchange Commission (SEC) may redefine the attributes of cryptocurrencies, with most tokens potentially classified as commodities, thus falling outside the SEC's jurisdiction. The SEC's lawsuit against Ripple Labs over the issuance of the XRP token has become a key indicator, as the SEC previously accused it of issuing unregistered securities. Importantly, this case is seen as a legal basis for classifying most cryptocurrencies as securities subject to SEC oversight.