Blockchain Groups Press SEC to Clarify Crypto Asset Status
Six major blockchain organizations are urging the SEC to formally exclude digital commodities from securities classification in new regulatory guidance.
A coalition of six prominent blockchain organizations, including Chainlink and Cardano, has formally petitioned the Securities and Exchange Commission to draw a sharper legal boundary between digital commodities and securities — a distinction that has clouded the industry for years and generated costly litigation on both sides.
The groups are pushing the SEC to embed explicit recognition of digital commodities as non-securities directly into any proposed regulatory framework. The move reflects growing frustration within the crypto industry over the agency's historically enforcement-first approach, which critics argue has left developers and investors operating in a legally ambiguous environment without clear compliance pathways.
Read more Trump White House Event to Focus on Global Crypto Abuse →
The stakes are considerable. How the SEC ultimately classifies crypto assets determines which projects face the full weight of securities law — including registration requirements, disclosure obligations, and potential liability for past token sales. A formal carve-out for digital commodities would shift regulatory authority for those assets toward the Commodity Futures Trading Commission, a divide that Congress has long debated but never fully codified.
The joint letter signals a coordinated industry strategy: rather than waiting for case-by-case court rulings or ad hoc enforcement actions to define the rules, blockchain networks are attempting to shape the regulatory text itself. That approach marks a maturation in how crypto organizations engage Washington, moving from reactive legal defense toward proactive policy advocacy.
Whether the SEC will incorporate the coalition's recommendations remains uncertain, particularly given the agency's longstanding position that most digital tokens meet the definition of securities under existing law. Continue reading at Cointelegraph.
