Atkins states that moving securities activities onchain does not remove them from SEC jurisdiction.
“Moving activities that fall within the scope of the federal securities laws onchain, as a general matter, does not take those activities outside the scope of the laws the Commission administers.”
Atkins clarifies that exempting some crypto assets from securities laws does not exempt all crypto activities.
“That the securities laws do not apply to all crypto assets and activities, however, does not mean that the securities laws do not apply to any crypto assets or activities.”