What is the qualification as a securities transaction, according to the US Securities and Exchange (SEC) Commissioner Haster Peerus, depends more on the nature of the deal than the asset.
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Peerus said that SEC needs to develop a framework conditions in which crypto transactions come under the purview of securities laws. Examples of this may include cryptocurrency offer to investors as an initial public offering (IPO) or part of Tokens a company stockPeerce told the audience:
“Most crypto assets as we see them today, perhaps not securities themselves. It does not mean that you cannot sell a token that is not a safety in a transaction itself that is a securities transaction. That’s the place where we really need to provide some guidance.”
Peerce said it expects more digital assets that fall under the definition of securities, as assets such as tokens and bonds come onchain.
Peerce’s comment comes to establish extensive crypto rules in the United States and to prevent industry migration in other courts amidst the efforts of SEC, MPs, and Executive Branch of the US government.
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Towards comprehensive regulatory reforms
Second Crypto Task Force launched On January 21, the next day of the inauguration of US President Donald Trump.
Since then, the agency has organized a Series of Round Table Discussions With industry officials to guide the development of broad crypto rules in the US.
In May, SEC President Paul Atkins testified to the Congress that the agency would produce it First detailed report on cryptocurrency regulations in the coming months.
