Blockchain groups press SEC on staking and secondary trading as FCA moves to define DeFi

The SEC has been asked by a total of six blockchain organizations to categorize digital commodities as non-securities. Also, they’ve asked the SEC to make the rules for staking and secondary trading clear. This comes even as the SEC’s comment period ended and two DeFi consultations were opened by the UK’s FCA. Six networks want ‘digital commodity’ embedded into the rules The advice was contained in a joint letter , signed by Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs and the Stellar Development Foundation. The six organizations are asking for one major thing; they want the SEC to change the digital commodity classification from interpretive guidance to the tenets of the proposed Regulation Crypto Assets framework.

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