The SEC and CFTC have jointly classified 16 digital assets, including XRP and SOL, as digital commodities, a move that may influence crypto market-structure rules. The classification arrived alongside a new SEC proposal on crypto investment contracts and continued progress on the GENIUS and CLARITY Acts.
Washington regulators moved this week to redraw the line between securities and commodities in crypto markets. The SEC and Commodity Futures Trading Commission jointly categorized 16 digital assets, including XRP and SOL, as digital commodities, a designation that may influence how the two agencies split oversight of the market.
The joint classification came out of meetings between regulators and industry leaders on U.S. crypto policy. Alongside it, the SEC proposed new rules for crypto investment contracts, signaling an active regulatory phase for the sector.
The GENIUS Act established a federal framework for payment stablecoins, giving stablecoin issuers a set of federal rules to operate under. The CLARITY Act, aimed at clarifying crypto-market oversight, remains pending in the Senate.
Observers are watching the CLARITY Act's progress in the Senate, since its passage could significantly reshape the regulatory framework for digital assets. The SEC's proposed rules for crypto investment contracts may also shift how market participants operate.
Source: Crypto Briefing
Trading involves risk.
Risk Disclaimer
