#SixBlockchainGroupsAskSECToCodifyDigitalCommodityDefinitionA crypto project can build a working network, attract developers, and find real users, yet still face a difficult question: how will regulators classify its token?
That’s why I’m paying attention to six blockchain organizations asking the SEC to codify the definition of a digital commodity. The group includes Chainlink Labs, Hedera, Aptos Labs, Avalanche, Stellar, and Cardano.
For me, the bigger issue isn’t whether every token should receive commodity status. It’s whether projects can understand the rules before making major business decisions. Uncertainty can affect fundraising, exchange access, product launches, and even where teams choose to operate.
But there’s an important catch. A token’s classification doesn’t automatically determine whether every sale or related transaction complies with securities laws. The details still matter, and clearer rules shouldn’t come at the expense of investor protection.
I’d rather see a framework that evaluates how an asset actually works than one based on broad assumptions.
Now the real question is whether the SEC can provide lasting clarity without creating new loopholes.
$ADA $HBAR $LINK
That’s why I’m paying attention to six blockchain organizations asking the SEC to codify the definition of a digital commodity. The group includes Chainlink Labs, Hedera, Aptos Labs, Avalanche, Stellar, and Cardano.
For me, the bigger issue isn’t whether every token should receive commodity status. It’s whether projects can understand the rules before making major business decisions. Uncertainty can affect fundraising, exchange access, product launches, and even where teams choose to operate.
But there’s an important catch. A token’s classification doesn’t automatically determine whether every sale or related transaction complies with securities laws. The details still matter, and clearer rules shouldn’t come at the expense of investor protection.
I’d rather see a framework that evaluates how an asset actually works than one based on broad assumptions.
Now the real question is whether the SEC can provide lasting clarity without creating new loopholes.
$ADA $HBAR $LINK