Cardano Foundation joins five other blockchain groups urging SEC to lock in digital commodity definition

Digital commodity and securities lines have been a live issue in US crypto policy since the SEC began asking how tokens should fit into its framework. Cardano Foundation and five other blockchain organizations are now pressing for the SEC to write that boundary into its proposed rules, rather than leaving it unsettled. The parallel UK FCA consultations show that regulators in both the US and the UK are still sorting out how crypto activities should be categorized and supervised.

For builders and trading venues, a clearer digital commodity category would shape how staking and secondary trading are handled in day-to-day compliance work. Projects that fall inside that definition would face a different rulebook than tokens treated as securities, and firms would have to align product design, disclosures, and market structure around that split. The ask from the six groups puts staking directly into the regulatory conversation instead of leaving it as an unresolved edge case. (per cryptopolitan.com)

The tension here is between regulatory certainty and a rule set that can reach fast-moving crypto activity without overextending old categories. A formal digital commodity definition would give industry groups a cleaner path to operate under US rules, while also narrowing the space in which the SEC can treat digital assets through securities law. That trade-off matters because staking and secondary trading sit at the center of how many crypto networks and markets function. (per cryptobriefing.com)

What remains unsettled is how the SEC will answer the comment letter and whether its proposed framework will explicitly separate digital commodities, staking, and secondary trading. The FCA’s two DeFi consultations add another moving part, but they do not settle the US question. The next concrete marker will be the SEC’s final language, if it chooses to revise the proposal at all.

Cardano fell 0.1% in the 4 hours after the first headline, after rising 0.3% in the 2 hours before.

48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.