Too Long; Didn't Read
There’s been a big debate going on in the crypto markets about how to classify cryptoassets and which regulatory body does it fall under. Are cryptoassets securities and therefore governed by the SEC or are they commodities and therefore regulated by the CFTC? In 2017, many in the market started to declare the idea of a utility token and distinguishing it from a security token. Broadly speaking, a security token represents a tokenized version of a financial security. You can think of real estate or equities that are tokenized assets being a security token. Thus, a utility token is a token used to power a blockchain network. Many protocol coins and tokens use a utility token to transact on their network. An example might be the basic attention token (BAT) which is used with the Brave web browser which monetizes attention.