<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9iYjZiZGUyYThmMzYwY2UzZWE2MmIyNmU2MGRlNDViMy5qcGc=.jpg" alt="SEC’s 2025 guidance: What tokens are (and aren’t) securities"></p><p> The SEC’s 2025 guidance aims to bring clarity and a more structured regulatory framework to the digital asset space. </p>