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Six crypto firms urge SEC to formalize digital commodity classification

Six crypto firms urge SEC to formalize digital commodity classification

Original | Odaily Planet Daily (@OdailyChina)

Author | Asher (@Asher_0210)

On October 20, Chainlink Labs, Cardano Foundation, Hedera, Aptos Labs, Ava Labs, and Stellar Development Foundation jointly submitted comments to the U.S. Securities and Exchange Commission (SEC), requesting that the definition of “digital commodities” and their non-security status be explicitly included in the body of the proposed Cryptocurrency Regulatory Rules.

Notably, the six institutions mentioned above are associated with tokens LINK, ADA, HBAR, APT, AVAX, and XLM, which the SEC classified as digital commodities in its interpretive release this March. Given this existing classification, why are these six institutions still jointly requesting rule changes?

What…

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