PANews reported on February 25 that according to Business Insider, regulatory expert Amy Lynch said that the U.S. Securities and Exchange Commission (SEC) may redefine the attributes of cryptocurrencies, and most tokens may be classified as commodities, thus out of the jurisdiction of the SEC. The SEC's lawsuit against Ripple Labs for issuing XRP tokens has become a key indicator, after the SEC accused it of issuing securities without registration. Importantly, this case is seen as a legal basis for classifying most cryptocurrencies as securities supervised by the SEC. The case has progressed slowly, and the SEC appealed the previous court ruling in October last year. As the regulatory thinking shifts, whether the SEC will continue to appeal has become a focus.