#SixBlockchainGroupsAskSECToCodifyDigitalCommodityDefinition
โ๏ธ Six Blockchain Groups Ask SEC to Lock In "Digital Commodity"
๐ Stellar, Hedera, Aptos, Ava Labs, Cardano and Chainlink sent the SEC a joint letter.
๐ Their ask: put the "digital commodity" definition and its non-security status into the rule text of proposed Regulation Crypto Assets.
๐ The SEC/CFTC interpretation from March 2026 created the category.
โ ๏ธ But in the proposal, the definition only sits in the preamble, not in binding rule text.
๐ช Its examples included BTC, ETH, SOL, ADA, LINK and AVAX.
What it means for crypto: written rules are harder to reverse than guidance, so builders get more certainty. Until it's final, it's still a proposal.
Should token classification be written into law, not guidance? ๐
$LINK $ADA $AVAX
#CryptoNews #SixBlockchainGroupsAskSECToCodifyDigitalCommodityDefinition #SEC #Regulation
โ๏ธ Six Blockchain Groups Ask SEC to Lock In "Digital Commodity"
๐ Stellar, Hedera, Aptos, Ava Labs, Cardano and Chainlink sent the SEC a joint letter.
๐ Their ask: put the "digital commodity" definition and its non-security status into the rule text of proposed Regulation Crypto Assets.
๐ The SEC/CFTC interpretation from March 2026 created the category.
โ ๏ธ But in the proposal, the definition only sits in the preamble, not in binding rule text.
๐ช Its examples included BTC, ETH, SOL, ADA, LINK and AVAX.
What it means for crypto: written rules are harder to reverse than guidance, so builders get more certainty. Until it's final, it's still a proposal.
Should token classification be written into law, not guidance? ๐
$LINK $ADA $AVAX
#CryptoNews #SixBlockchainGroupsAskSECToCodifyDigitalCommodityDefinition #SEC #Regulation