On October 21, 2026, six blockchain organizations jointly filed a letter with the U.S. Securities and Exchange Commission urging the regulator to embed explicit digital commodity language into its binding crypto asset rules. The group includes Chainlink Labs (LINK), Hedera (HBAR), Aptos Labs (APT), Ava Labs (AVAX), Stellar Development Foundation (XLM), and Cardano Foundation (ADA).
The request centers on the SEC’s March proposal on crypto asset classification. While the SEC’s explanatory material reportedly described these assets as digital commodities rather than securities, that classification was not written into the enforceable regulatory text. The six organizations argue that incorporating the criteria into formal rules would reduce legal uncertainty and clarify that an asset being the subject of an investment contract does not automatically make it a security.
The group also wants the SEC to state clearly that a new rule would not alter existing cryptocurrency classifications or shift oversight boundaries between the SEC and the Commodity Futures Trading Commission. It remains unclear whether the SEC will adopt the requested language in the final regulation. If accepted, the change could affect compliance obligations, exchange listings, and how businesses interact with these digital assets in the United States.
