SEC Chairman Paul Atkins: Digital commodities, digital collectibles, digital utilities, and payment stablecoins are not securities—the era of regulatory ambiguity is officially over. The SEC is implementing new token classifications and investment contract interpretations, explicitly excluding four types of assets from being considered securities under existing laws: digital commodities, digital collectibles, digital utilities, and payment stablecoins. Under this framework, only one type of asset remains subject to securities law: digital securities, which are the on-chain tokenized forms of traditional securities. The SEC will return to its core mission—protecting investors in the securities market—rather than becoming the "Securities and Everything Committee."