For years, crypto’s biggest question in Washington was a simple one: is a token a security or not? In March, the Securities and Exchange Commission (SEC), the main U.S. regulator for stocks and investment products, gave an answer.

The agency’s March 17 interpretation named APT, the native token of the Aptos blockchain, a “digital commodity.”

That puts APT in the same bucket as Bitcoin and Ether, not with stocks. Aptos is a layer-1 blockchain, meaning a base network that apps are built on, and it was originally incubated at Meta.

Now Aptos Labs, the core developer behind the network, wants to make sure that answer sticks.

Related: JPMorgan expects Bitcoin to outperform gold and stocks

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