SEC Chairman: NFTs are collectibles, not investment contracts

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins outlined four types of digital assets that are generally not considered securities in an interview with CNBC. These include digital commodities, digital tools, digital collectibles like NFTs, and stablecoins. In response to a point from the host that digital collectibles could be structured to resemble securities, Atkins stated that while this is true for any asset, digital collectibles are typically treated as items to be bought and held, similar to physical collectibles, rather than as investment contracts, which is a core feature of a security.