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BlockBeats News, November 12, the Federal Reserve Bank of Atlanta announced that its President, Bostic, intends to retire at the end of his term on February 28 next year. Cheryl Venable will serve as interim president.

BlockBeats News, November 13, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), today outlined his crypto "token taxonomy" plan to clearly distinguish which cryptocurrencies are considered securities. In the SEC press release, Paul Atkins shared his current views on various types of crypto assets, summarizing that Atkins only emphasizes tokenized products as securities, while non-tokenized NFTs, network tokens (ETH, SOL), and "digital tools" with practical functions (such as authentication) are not considered securities. His detailed views are as follows: "Digital commodities" or "network tokens" are not securities. Their value is essentially related to the programmatic operation of "fully functional" and "decentralized" crypto systems, and is generated from this, rather than from the expectation of profits arising from the essential managerial efforts of others; "Digital collectibles" are not securities. These assets are intended for collection and/or use, and may represent or grant the holder rights to digital expressions or references to artworks, music, videos, trading cards, in-game items, or internet memes, characters, current events, or trends. Buyers of digital collectibles do not expect to profit from the day-to-day managerial efforts of others; "Digital tools" are not securities. These crypto assets have practical functions, such as memberships, tickets, credentials, proofs of ownership, or identity badges. Buyers of digital tools do not expect to profit from the day-to-day managerial efforts of others; "Tokenized securities" are, and will continue to be, securities. These crypto assets represent ownership of financial instruments listed in the definition of "securities," which are maintained on a crypto network. Paul Atkins stated that this list is not exhaustive and will be further refined in the future.