According to Eleanor Terrett, Paul S. Atkins announced at the Philadelphia Fed Fintech Conference the next step in Project Crypto, establishing a token taxonomy framework to categorize digital assets under U.S. securities laws, source: Eleanor Terrett on X, Nov 12, 2025. This classification-focused move directly targets how digital assets are formally treated under securities regulation, a core input for trading compliance and market structure decisions, source: Eleanor Terrett on X, Nov 12, 2025.

According to paulgrewal.eth, Oregon's ongoing regulatory actions regarding the definition of 'investment contract' highlight unresolved federal legal issues, emphasizing that such disputes must be addressed in federal courts. This development indicates continued legal uncertainty for cryptocurrency traders and projects operating in Oregon, with nationwide implications for how digital assets are classified and regulated. The outcome could directly impact token listings, compliance requirements, and trading volumes across major US crypto exchanges (Source: paulgrewal.eth on Twitter, June 3, 2025).