🇺🇸 CFTC Classifies BTC, ETH, SOL, XLM, XTZ, and XRP as Digital Commodities
🪙 CFTC Chairman Michael Selig highlighted Bitcoin, Ethereum, Solana, Stellar, Tezos, and XRP as examples of “digital commodities” in the SEC and CFTC’s joint crypto asset taxonomy. The framework establishes that digital commodities themselves are not securities.
⚖️ The classification brings greater regulatory clarity for major crypto assets and may reduce uncertainty about how they are treated under U.S. securities laws. However, a transaction involving a crypto asset that is not a security may still constitute an investment contract, depending on its structure.
$XRP $SOL $XLM 💎
🪙 CFTC Chairman Michael Selig highlighted Bitcoin, Ethereum, Solana, Stellar, Tezos, and XRP as examples of “digital commodities” in the SEC and CFTC’s joint crypto asset taxonomy. The framework establishes that digital commodities themselves are not securities.
⚖️ The classification brings greater regulatory clarity for major crypto assets and may reduce uncertainty about how they are treated under U.S. securities laws. However, a transaction involving a crypto asset that is not a security may still constitute an investment contract, depending on its structure.
$XRP $SOL $XLM 💎