According to @VanessaGrellet_, an SEC speech by Paul Atkins on Nov 12 outlined a clear, common-sense framework for how crypto should be treated under U.S. securities law, reframing digital-asset regulation for the U.S. market, source: sec.gov/newsroom/speeches-statements/atkins-111225-securities-exchange-commissions-approach-digital-assets-inside-project-crypto; source: x.com/VanessaGrellet_/status/1989759397392761269. Traders should review the official SEC language as the primary reference before adjusting exposure to U.S.-facing crypto assets and crypto-linked equities to align with the updated framework, source: sec.gov/newsroom/speeches-statements/atkins-111225-securities-exchange-commissions-approach-digital-assets-inside-project-crypto.