The U.S. Securities and Exchange Commission (SEC) has just released key guidance on the classification of various crypto assets… No need to wait for the Clarity Act. “Most crypto assets are not securities in themselves.” Two years ago, such a proactive stance from the SEC towards crypto innovation would have been *unimaginable*. “For a long time, America’s builders, innovators, and entrepreneurs have been waiting for clear guidance on the status of crypto assets under federal securities and commodities laws…” Regulators should provide clear guidance. Instead of regulating vague laws through enforcement. That’s the right approach.