[US SEC Chairman Announces Token Classification Plan] According to a report by The Block, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced plans to create a 'token classification framework' at the Fintech Conference held by the Federal Reserve Bank of Philadelphia. The aim is to clearly distinguish which cryptocurrencies qualify as securities. The preliminary classification includes: network tokens, NFTs, and digital utility tokens are not considered securities, while tokenized stocks and bonds are classified as securities. Atkins stated that the framework will be based on the Howey Test (a 1946 U.S. Supreme Court case used to determine whether an asset qualifies as an investment contract). He noted that cryptocurrencies may be part of an investment contract, but this status is not permanent. As networks mature, code is released, control becomes decentralized, and the role of the issuer diminishes, the nature of tokens may change.