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U.S. Securities and Exchange Commission Classifies 16 Crypto Assets as Digital Commodities

The report says the U.S. Securities and Exchange Commission (U.S. markets regulator) identified assets including XRP, Ethereum, Solana, Cardano, Dogecoin, Avalanche, Chainlink and Polkadot, a move that could improve market clarity on March 18.

Summary

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Terms & Concepts
  • Digital commodities: Crypto assets treated more like commodities than securities, affecting how they may be overseen and discussed in the market.
  • Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
  • Chainlink: A blockchain oracle network that helps smart contracts (self-executing blockchain code) use external data.