FET tokens are the native cryptocurrency for Fetch.ai. As such, they're used to make payments on its network. This is another cryptocurrency that did well in 2023 due to the hype around AI technology. Its value went up by almost 300% toward the end of the year. While that's a sizable gain, based on the kinds of returns other popular projects have gotten, there's likely still plenty of room to keep growing. Crypto Assets are not considered a “fiat currency” backed by any government, such as the Japanese yen or the US dollar. They exist as electronic data exchanged over the internet.&; From research to software to news, find what you need to stay ahead. Prior to the filing of Wahi, despite industry requests for rulemaking and clarification, the SEC has made no direct statements as to whether cryptocurrency or tokens are a “security.” Of significant relevance are the facts that (i) Coinbase claims no digital assets listed on its exchange are securities, and (ii) the issuance of a security requires, among other things, registration (or exemption from registration) with the SEC prior to the offer and sale thereof, disclosure of material information to potential investors, and trading restrictions following issuance: requirements which Coinbase and issuers of binance vs coinbase vs cryptocom tokens on the platform almost certainly did not believe applied to them.