Key Points

• Regulators just published a new classification scheme for how they will approach cryptocurrencies.

• Most of the leading coins will be classified as digital commodities.

• Under the new regulations, coins can transition from one class to another under certain conditions.

Crypto investors have complained for years that their industry was regulated via law-by-ambush: Regulators brought lawsuits first and then defined norms after.

Happily, that era appears to have ended on March 17, when the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a formal classification structure covering most crypto assets, including Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), Cardano,…