The SEC has officially identified four types of crypto assets that are not considered securities: 1. Digital commodities: Includes mainstream coins like BTC, ETH, SOL, XRP, DOGE 2. Digital collectibles: NFTs and meme coins 3. Digital utilities: ENS domains and utility tokens 4. Payment stablecoins: Compliant stablecoins under the GENIUS Act Only one category is still subject to securities law—tokenized traditional securities