SEC Issues New Digital Asset Taxonomy, Classifying Most Tokens as Non-Securities

The U.S. Securities and Exchange Commission (SEC) has released a formal taxonomy for the digital asset market, officially designating the majority of cryptocurrencies and tokens as non-securities. This landmark move provides the regulatory clarity long sought by the industry and marks a significant shift away from the previous "regulation by enforcement" approach. Analysts have described this development as the "final nail" in the era of Gary Gensler's litigation-heavy leadership. The new framework aims to establish a structured legislative environment for digital assets, reducing legal risks for market participants. While the news is fundamentally bullish for the sector, the market impact is moderated with a score of 6 as much of this shift was already priced in following recent signals. This transition is expected to foster a more stable environment for institutional and retail investors alike.