Jinse Finance reported that trading firm and market maker Wintermute has requested the U.S. Securities and Exchange Commission (SEC) to confirm that network tokens should not be classified as securities. The company stated that it is necessary to provide clear guidance on the security status of tokens to avoid the misuse of securities laws and ensure the continued growth of the crypto market. Wintermute said that "network tokens" are "inherently linked to the functionality of decentralized networks or protocols" and are essential technical inputs for blockchain networks. For this reason, the company stated that they are fundamentally different from financial products or securities.