SEC Token Regulation
A builder's reference for tokenized assets
Organized around the SEC's "Project Crypto" five-bucket classification framework. Verify every primary source before relying. Not legal advice.
The five buckets
Each bucket determines whether a token is a security and which rules apply.
Digital Commodities
Not a securityFunctional, decentralized networks.
Digital Collectibles
Not a securityCultural / use-value tokens.
Digital Tools
Not a securityMembership, ticket, credential, identity.
Digital Securities
SecurityOn-chain financial instruments.
Stablecoins
Not a securityUSD-pegged, fully reserved, no yield.