$BTC
1. ON MARCH 17–18, 2026, THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) TOGETHER WITH THE COMMODITY FUTURES TRADING COMMISSION (CFTC) ISSUED:
- official interpretation + joint rule
- The aim: to provide legal clarity on crypto
The main outcomes:
- Crypto is categorized into several categories
- Many large cryptos are no longer considered securities. This ends years of regulatory uncertainty
2. NEW CRYPTO CLASSIFICATION BY SEC
SEC now divides crypto into 5 main categories:
1. Digital Commodities
2. Digital Securities
3. Stablecoins
4. Digital Collectibles (NFTs, etc.)
5. Digital Tools (utility tokens)
Digital commodities = NOT securities
3. WHICH CRYPTOS ARE CATEGORIZED AS COMMODITIES?
SEC & CFTC explicitly mention many large coins as digital commodities:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- XRP
- Cardano (ADA)
- Avalanche (AVAX)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Polkadot (DOT)
- etc. (±16 major assets)
- These coins are treated like gold/oil (commodities)
- Not like stocks or bonds
Major impact on the crypto market
Positive impact (Bullish)
- Legal certainty increases
- SEC lawsuit risk decreases
- Institutions are more confident to enter
- ETFs & financial products are easier to create
Risks / Limitations
- New tokens can still be classified as securities
- Exchanges still have to comply with regulations
- Stablecoins remain a gray area