Six Blockchain Organizations Urge SEC to Clarify That Digital Commodities Are Not Securities
According to Cointelegraph, six major blockchain organizations, including Chainlink and Cardano, recently called on the SEC to formally classify digital commodities as non-securities in its upcoming rulemaking proposal, whose comment period is nearing its deadline. The joint action comes at a critical point as the regulatory rulemaking window closes and directly addresses the central dispute over whether tokens should be classified as securities.
Why does this matter? The SEC’s determination of whether digital assets qualify as securities has long affected projects’ compliance costs, exchanges’ listing standards, and investors’ pricing expectations. If the SEC explicitly classifies digital commodities as non-securities in its rules, it could reduce regulatory uncertainty for projects such as
$LINK and
$ADA , improving the market’s assessment of their long-term value. Conversely, if the SEC retains its current framework or adopts the recommendations only in part, market interpretations may diverge, potentially increasing short-term volatility.
From a fundamental perspective, Chainlink and Cardano, as confirmed members of the six organizations, have tokens directly associated with their respective organizations’ activities.
$LINK , the core token of a decentralized oracle network, derives part of its value from regulatory clarity across its ecosystem.
$ADA , the governance token of the Cardano ecosystem, could likewise benefit from expectations of greater institutional participation as regulations become clearer. Both may receive positive sentiment from this joint lobbying effort, though the actual impact will depend on the SEC’s final response.
As for risks, the SEC has historically taken a cautious stance toward crypto assets, and there is uncertainty about whether it will fully adopt the proposed non-security classification. If the final rules only partially address the requests or introduce new compliance requirements, the market may have to adjust its expectations. In addition, projects that did not participate in the lobbying effort could be at a relative disadvantage, potentially widening divisions within the sector.
What is worth watching next is the SEC’s official response after the comment period ends, as well as changes in the prices and trading volumes of
$LINK and
$ADA before and after the regulatory news is finalized. If you’re following
$LINK , in the short term it may be more worthwhile to watch whether its volatility confirms as regulatory clarity develops, rather than simply chasing a price rally.
$LINK $ADA #SEC #CryptoRegulation
The above is a summary of information and personal analysis, and does not constitute investment advice.