𝗕𝗜𝗚: 𝗖𝗙𝗧𝗖 𝗝𝗼𝗶𝗻𝘀 𝗦𝗘𝗖 𝘁𝗼 𝗖𝗹𝗮𝗿𝗶𝗳𝘆 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗟𝗮𝘄𝘀 𝗼𝗻 𝗖𝗿𝘆𝗽𝘁𝗼. - Most crypto ≠ securities . Atkins said it "acknowledges what the former administration refused to recognize" - 5 token categories defined: commodities, collectibles, tools, stablecoins, securities - Jurisdiction clarified, helps participants "better understand the regulatory jurisdiction between the SEC and CFTC" - A security label can be gained and lost, "investment contracts can come to an end"(Lark Davis)